Mauritania – Kosmos Energy – Two more drills in H2 2015

Earlier this year Kosmos had an amazing play opener in Mauritania which discovered 14tcf of gas in two distinct zones in the same well in block 8. This has de-risked Mauritania.

The Mauritania play opener was also the largest gas discovery off West Africa – ever! Kosmos own three consecutive blocks in Mauritania.

Mauritania - Kosmos Energy 2013

Even better news IMO was released last week by Kosmos that two further drills will occur this H2 2015:

Mauritania must now be on the radar off energy companies worldwide even with the current dip in sentiment. After all – Kosmos are drilling, right? This means the kind of targets they have in mind are commercial in the foreseeable future.

Chariots acreage is in Block C19 to the North. Chariot and Sterling Energy are the only Junior explorers with acreage in Mauritania. The rest are all big boys e.g Chevron, Tullow, Dana etc

One thing to ponder is Chariots partnering relationship with Woodside Energy in Morocco – as Woodside Energy were once in Mauritania many years back before pulling out of West Africa. Woodside Energy are now coming back to West Africa.  Chariots former non exec chairman – Phil Loader – now works for Woodside Energy.

Already with a Tier 1 partner – Cairn Energy – Chariot are currently seeking a Tier 2 partner with a drill schedule for Mid 2016.

Chariot - Mauritania - Oil Map