Tuesday, May 7

TRADING UPDATES: Chariot expects gas in Morocco; Redx wants CFO in US

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Chariot Oil & Gas Ltd – Africa focused transition energy company – Signs memorandum of understanding along with its partner the Office National des Hydrocarbures et des Mines with the Ministry of Industry, Trade & Green and Digital Economy in Morocco.

The MOU relates to the ministry’s support of Chariot and ONHYM’s Anchois gas development project as a potential provider of significant gas to the Moroccan gas market. Chariot’s acting Chief Executive Adonis Pouroulis says: “The signing of this MOU is a significant step in our efforts to access the Moroccan gas markets.

With the Kingdom of Morocco’s support we intend to build on the positive conversations we are already having with entities involved in the Moroccan gas market, giving us greater confidence that we will sign the necessary agreements to expedite the development of this value accretive gas project, for the benefit of the Kingdom and Chariot’s investors.”

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