Chariot Oil & Gas Raises $25.5 Million for Moroccan Gas Exploration Project

This fundraising is part of the mobilization of project financing, indicates a press release from the company, specifying that an additional $4 million will be raised through an offer open to eligible shareholders.

The funds will be used to advance the Anchois gas project to a final investment decision and to finance its renewable energy pipeline, the same source points out.

To recall, 5 months ago, the British firm had announced the success of the drilling operations in the Anchois gas field. It has since embarked on the development of this project through the mobilization of the necessary financing.