Chariot concludes Mauritania seismic

January 14, 2013

Fugro-Geoteam completes Block C19 acquisition

Map of MauritaniaMap of Mauritania

Chariot Oil & Gas Ltd. has completed its 3500km2 3D seismic acquisition program in Block C19 offshore Mauritania.

The survey was contracted to and carried out by Fugro-Geoteam AS and targeted an area in the South Western section of the block. Once the data has been processed, it will be interpreted in-house with the aim of identifying prospects for drilling.

"The data collected from the survey fulfills Chariot's initial three-year work commitment within the block and the interpretation will commence later this year," said Larry Bottomley, Chariot CEO. "The results will inform our forward program as we continue to seek material opportunities in emerging hydrocarbon provinces."

Chariot holds 90% interest in Block C19. Its partner, Société Mauritanienne des Hydrocarbures, the National Oil Company of Mauritania, holds a 10% carried interest in the block.



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