Thursday 16 June 2016

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has been awarded a 75% interest and operatorship of the Mohammedia Offshore Exploration Permits I - III (“Mohammedia”), Morocco in partnership with the Office National des Hydrocarbures et des Mines ("ONHYM") which holds a 25% carried interest. The Mohammedia permits sit in the nearshore and cover an area of approximately 4,600km2 with water depths less than 500m. They are adjacent to the Company's Rabat Deep Offshore Exploration Permits on which Chariot recently announced success in partnering.

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