Chariot halves pre-tax losses in 2016

Chariot Oil & Gas has posted a pre-tax loss of $6.8 million for the year ending December 2016, smaller than the $14.9 million pre-tax loss it racked up the previous year.
By Staff reporter 16 March 2017 0 25085

Chariot Oil & Gas has posted a pre-tax loss of $6.8 million for the year ending December 2016, smaller than the $14.9 million pre-tax loss it racked up the previous year.

The company has achieved a zero-cost position with its Moroccan operations following a deal to farm out a portion of its Moroccan acreage to Eni.

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