Chariot Limited, the African-focused transitional energy company, announces the results of Independent Assessments of its gas resources offshore Morocco, including results of the recently drilled Anchois-2 appraisal well. A material resource upgrade was reported across the portfolio by Netherland Sewell & Associates Inc. (‘NSAI’) on the Anchois Gas Field and selected exploration prospects in the Lixus Offshore license (‘Lixus’) and the adjacent Rissana Offshore license (‘Rissana’).

Total remaining recoverable resources (2C plus 2U) at the Anchois Project Range will increase to 1.4 Tcf .

As a result of Chariot’s focus on developing a significant energy resource, the company is prioritizing Morocco’s domestic market and potentially supplying gas to Europe.