19 May 2008
The London Stock Exchange is delighted to welcome Chariot Oil & Gas Limited to AIM.
Chariot Oil & Gas Limited is an independent oil and gas exploration group, focused on the exploration of the South Atlantic margins, specifically Namibia.
Based on the Placing Price of 130 pence per Ordinary Share, the Company is expected to have a market capitalisation of approximately £183.5 million at Admission. The Ordinary Shares will trade on AIM under the symbol ‘CHAR’.
Kevin Broger, CEO of Chariot, said: “We are very pleased to announce the admission of Chariot to AIM as we believe it presents a highly prospective investment opportunity in oil and gas exploration. Namibia is a frontier exploration region with regards to oil and gas, but our exploration efforts to date strongly suggest that our Blocks may hold significant hydrocarbon accumulations. Admission to AIM positions us well to develop our proposition further.”
KPMG Corporate Finance is acting as Nominated Adviser and BMO Capital Markets Limited is acting as Broker to the Company.