- Several third-party farm-out offers to fund Anchois project
- Chariot progressing towards binding GSA offtake
Chariot (CHAR:15.8p), a £152mn Africa-focused energy group developing and delivering transitional energy projects, is in the final stages of selecting a farm-out partner for its flagship Anchois gas development project in Morocco.
Around 40 companies accessed the data room and I understand that multiple offers have been received from significantly larger exploration and production companies, according to the company. Chariot has already spent $50mn (£39.2mn) on the project and the board anticipates “retaining a material stake in the licences and a [significant] upfront cash consideration”.