Chariot Oil announces that for its Lixus Offshore License in Morocco, the total remaining recoverable resources is upgraded to in excess of two trillion cubic feet (tcf) of gas.
There is also material running room in five Additional Prospects offering further upside in excess of 1.2 Tcf audited 2C prospective resources.
Larry Bottomley, CEO, commented: 'The independent evaluation of the Additional Prospects in the Lixus licence describes material running room over and above the discovered resource base and low risk exploration portfolio in the Anchois Discovery and the Anchois Satellite prospects.
'Following encouraging feedback from the partnering process, several interesting leads have been identified and these are currently being progressed by the Chariot team. We are pleased with the partnering process to date, which has received interest from a wide range of potential strategic partners across the energy value chain.'