Chariot Oil & Gas to acquire Africa Energy Management Platform for US$2m

AFRICA – Chariot Oil & Gas Ltd, the Africa-focused transitional energy company, has signed a deal to buy Africa Energy Management Platform (AEMP), a developer of renewable and hybrid energy projects with a focus on African mining sites. Chariot has agreed to pay up to US$2 million in cash and stock for the ownership of AEMP, including a milestone payment of up to US$0.75 million. Completion of the transaction is expected to take place in the second quarter of 2021. Once this happens, the buyer will change its name to…

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