Chariot Oil & Gas Kicks Off Additional Seismic Offshore Namibia

Chariot Oil & Gas noted that a second 3D seismic acquisition program has commenced in the Northern blocks, 1811 A&B offshore Namibia.This program will cover 600 km², focusing on an area of specific interest over the previously identified Zamba prospect. The work is being undertaken by CGG Veritas.

The program is expected to be completed by the end of December and processing and interpretation will commence immediately after completion. This activity complements the previously acquired 900km² which will be available for review in the dataroom which is opening in the first quarter of 2010.

Paul Welch, CEO commented, "This final seismic programme will conclude a comprehensive acquisition campaign undertaken across all our Namibian acreage and is of particular interest as it is being shot over a target defined from an earlier 2D seismic program. We look forward to the results of the interpretation and will be reporting on these in due course."