Project Profile

Lixus licence covers an area of approximately 2,390 square km with water depths ranging from the coastline to 850m. The area has been subject to earlier exploration with legacy 3D seismic data covering approximately 1,425 square km and 4 exploration wells, including the Anchois gas discovery.

The Anchois-1 well was drilled in 2009 in 388m water depth some 40km from the coast and encountered an estimated net gas pay of 55m in two sands with average porosities ranging from 25% to 28%. A new independent audit of this discovery has estimated a 2C contingent resource of 307 bcf. In addition, a deeper target not penetrated by the well has 2U prospective resources estimated by NSAI of 116 bcf. Chariot has also identified five satellite prospects to Anchois that have tie-back potential. 


Operators:

Chariot Oil & Gas Holdings (Morocco): Operator with 75% interest

Office National des Hydrocarbures et des Mines (ONHYM): 25% interest

Contractors:

Netherland Sewell and Associates Inc. (NSAI): independent audit of Anchois gas discovery