Morocco/Mauritania: Chariot to focus on Morocco

Chariot Oil & Gas has decided to relinquish the C-19 licence offshore Mauritania, but has converted the Mohammedia reconnaissance licence offshore Morocco into exploration permits. Chariot will have a 75% interest and operatorship of the Mohammedia Offshore exploration permits I-III, in partnership with the Office National des Hydrocarbures et des Mines, which holds a 25% carried interest. Chariot said it had decided not to enter into the first renewal phase of the C-19 licence after failing to find a farm-in partner.