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Chariot prepares to drill

TIP UPDATE: Chariot Oil & Gas secures a rig to allow it to drill Tapir South, offshore Namibia
March 7, 2012

Chariot Oil & Gas has secured a rig to drill its Tapir South prospect in Namibia in April, targeting 604m barrels of hydrocarbons. Drilling the much larger Nimrod prospect (under the operatorship of Petrobras) is expected later this year.

IC TIP: Buy at 176p