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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Chariot Oil & Gas signs MoU to become Moroccan local gas supplier

MOROCCO – Chariot Oil & Gas, a gas and oil exploration company, has signed a memorandum of understanding with the Moroccan Ministry of Industry, Trade and Investment and the Digital Economy to become a local gas supplier. Under the agreement, with the support of the Moroccan ministry, Chariot hopes to promote job creation, regional integration, as well as the promotion of clean energy for the industrial sector. It would also allow the company to promote the Anchois field as a major supplier of gas to the Moroccan market. The British…

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