Chariot kicks off 3D seismic survey offshore Brazil

March 10, 2016

LONDON -- Chariot Oil & Gas Ltd. has commenced a 3D seismic acquisition survey of approximately 785 km2 covering its wholly operated BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 licenses in the Barreirinhas basin, offshore Brazil. This survey is being conducted by Polarcus.

Further to the approval of the Environmental Impact Assessment in October 2015, Chariot is now able to carry out its 3D seismic program, which will fulfil all commitments on the licenses.

Following the analysis of legacy 2D seismic data over these blocks, the company has identified a number of leads that will be targeted by the 3D survey to mature this prospectivity. The survey is anticipated to take approximately 30 days to complete.

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