Dolphin Starts 2D Seismic Survey Off Namibia for Chariot

Chariot Oil & Gas Limited announces that it has commenced a 2D seismic survey in Southern Block 2714B offshore Namibia, which was re-awarded to the Company in June 2013 (Chariot 85%, Operator, with NAMCOR and Quiver Oil holding a 10% and 5% carried interest respectively).

The Company has contracted Dolphin Geophysical Ltd. (“Dolphin”) to carry out a 2,128 km 2D seismic acquisition campaign in water depths ranging from 150m to 1,850m.

Using the Artemis Atlantic, Dolphin will be acquiring broadband 2D seismic data across the block in order to provide further detail on the shallower petroleum system. By combining this with a further 1,500km of legacy 2D data that the Company is currently reprocessing, it will be able to determine specific regions of interest for designing a focused 3D programme in the future.

The survey is anticipated to take 21 days to complete and fulfils Chariot’s initial four year work commitment in the licence.

Press Release, December 19, 2013


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