Chariot announces 'transformative' Angolan oil deal, with support from Shell

Chariot Ltd (AIM:CHAR, OTC:OIGLF) CEO Adonis Pouroulis talked with Proactive's Stepyen Gunnion about the company’s acquisition funding agreement to gain exposure to producing oil assets offshore Angola, marking what he described as a “transformative deal” for the business. Chariot has announced plans to provide $12 million in funding, alongside transaction costs, to support Etu Energias in acquiring a 20% interest in Block 14 and a 10% interest in Block 14K offshore Angola. In return, Chariot will secure ...