Completion of 3D Seismic Survey Offshore Morocco

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, announced today the completion of its 1,700km2 3D seismic survey across its areas of interest offshore Morocco (Chariot 75% (Operator), ONHYM 25% (carried interest).

The survey, encompassing ~1,075km2 in Rabat Deep, ~250km2 in Loukos Offshore and ~375km2 in Mohammedia Reconnaissance, will enable the Company to mature drillable prospects in the Mio-Pliocene and Jurassic plays identified within this region on reprocessed legacy 2D data. Following processing, Chariot will interpret this new data which is expected to be completed by year end 2014, with a resource update to be published thereafter.