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Optimistic Chariot Oil on the Lixus Deposit

The British Chariot Oil & Gas Ltd announces good estimates for the license of Lixus, located near Larache. On Wednesday, the company said a report on the license estimated recoverable gas resources at more than 2 trillion cubic feet.

The report, produced by Netherland Sewell & Associates Inc., covered five perspectives of the said license: ‘Mackerel N’, ‘Mackerel C’, ‘Mackerel S’, ‘Tomb’ and ‘Turbot’. Estimates are based on 1.2 trillion cubic feet of gas on these five zones.

In addition, there are discoveries on the Anchovy deposit, which will achieve 2 trillion cubic feet of gas on the Lixus license.

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