Chariot Limited announced the results from the drilling of the OBA-1 well on the Dartois prospect, the second of a two well drilling campaign, in the Loukos Onshore licence onshore Morocco. OBA-1 well was safely and efficiently drilled, on time and on budget, to a final measured depth of 901m through the target reservoirs. Following comprehensive evaluation of the well data, including wireline logs, cuttings and gas data, preliminary interpretation: confirms the presence of reservoirs over an interval of approximately 200m gross thickness, corresponding to the pre-drill targets; and within which an approximate 70m gross interval of primary interest has been identified containing elevated resistivities coincident with elevated mud gas readings, indicating potential gas pays, with no water-bearing reservoirs identified.

Further post-drill analysis will be conducted in preparation for well flow testing which will determine the well productivity and the gas resource potential of the discovery. The well will now be suspended to allow future rigless flow testing operations and potential use as a producer well and the rig will then be demobilised.