29/03/2018
Memery Crystal has acted for Chariot Oil & Gas (Chariot) on their recent placing and open offer which raised approximately US$17.5 million. The funds have been raised with the intention of allowing the company to deliver a second well on its Prospect S offshore Namibia, in addition to the carried drilling of the RD-1 well in Morocco by ENI. Drilling a second well on its Prospect S offshore Namibia will which provide Chariot with a second high impact well this year.
Commenting on the announcement, lead partner Andrew Titmas said: “Working with Chariot throughout this transaction and over the years is always a pleasure. We look forward to continuing to work with Chariot in the future and will watch with great interest the development of their Namibia drill programme.”
The Memery Crystal team was led by corporate partner Andrew Titmas and included Robert Black and Lauren Belmonte.
Notes to editors:
Chariot Oil & Gas Limited is an independent oil and gas exploration company focused on creating transformational stakeholder value through the discovery of material accumulations of hydrocarbons.
Memery Crystal is a specialist international law firm based in London with a well-established history of acting for clients in the corporate sector. As an industry-leading advisor in AIM, Memery Crystal have again been included in “Band 1” in the most recent edition of the Chambers UK legal directory.
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