Chariot Limited adds renewables edge to portfolio

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  • Chariot highlights “exciting and important phase” as energy transition business advances
  • Chariot Oil & Gas announce completion of acquisition of Africa Energy Management Platform
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Quick facts: Chariot Ltd

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Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Power.

Chariot Transitional Gas, is a high value, low risk gas development project with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside.

Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.

25 Jun 2021

told investors it is now entering an exciting and important phase in the growth of the company, as it pursues high-value opportunities in both its transitional gas and transitional power businesses.

The company, until recently known as Chariot Oil & Gas, reflecting its updated strategy to build an Africa-focussed transitional energy group.

It comprises the transitional gas division, host to the Anchois gas development project offshore Morocco, and the transitional power division that includes the African Energy Management Platform (AEMP) which seeks to deliver renewable energy solutions to mining operations.

Boosted by a recapitalisation in the second quarter of 2021 the company is now advancing to capitalise on its opportunities in each business.

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01 Jun 2021

() said it expects to complete its acquisition of Africa Energy Management Platform (AEMP) imminently.

The acquisition of the renewable and hybrid power developer, focussed on projects tied to the mining sector, is part of the company’s energy transition and growth strategy.

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25 May 2021

() has raised GBP11.7mln of new capital to fund an appraisal well at the Anchois Gas Development offshore Morocco.

Funds will also support work in the acreage surrounding the Anchois discovery, to set up the additional resources for development in the future.

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01 Jun 2021

Chariot Oil & Gas Limited’s () Julian Maurice-Williams talks to Proactive London’s Katie Pilbeam about the completion of the acquisition of Africa Energy Management Platform.

Following on from the announcement made on 23 March 2021, following the finalisation of the outstanding precedents, the deak will see the firm work with partner, Total Eren, to provide clean, sustainable, and more competitive energy to operational mines in Africa.

Maurice-Williams explains how Chariot has a deep understanding and high-level commercial networks to be able to seize upon the opportunities with a market of significant scale, that is largely untapped.

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Chariot Oil & Gas announce completion of acquisition of Africa Energy…

Chariot Oil & Gas Limited’s (LON:CHAR) Julian Maurice-Williams talks to Proactive London’s Katie Pilbeam about the completion of the acquisition of Africa Energy Management Platform.

Following on from the announcement made on 23 March 2021, following the finalisation of the…

4 weeks, 1 day ago

2 min read

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