Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company,
reports that, as detailed in the announcement of 8 August 2013, the farm-out agreement signed between its
wholly-owned subsidiary, Chariot Oil & Gas Investments (Mauritania) Ltd. and Capricorn Mauritania
Limited, a wholly owned subsidiary of Cairn, on licence C19 offshore Mauritania has been approved by the
Ministry of Hydrocarbons in Mauritania and all other approvals and conditions precedent to the transaction
have been granted or fulfilled.
As part of the farm-out agreement, Cairn committed to pay approximately US$26 million for the costs of the
3D seismic data acquired by Chariot on the block and other back costs incurred, which has now been
received. Chariot now holds a 55% stake and operatorship in the block, Cairn holds a 35% equity interest
and the Société Mauritanienne des Hydrocarbures (SMH) retains 10% as a carried interest.
Following interpretation of the final Pre-Stack Depth Migration (PSDM) volumes, due to be received in
November 2013, a resource update will be published in Q1 2014. Drilling planning and the evaluation of
partnering options will commence thereafter.


About Chariot Oil & Gas
Chariot Oil & Gas Limited (AIM: CHAR) is an independent oil and gas exploration group. It holds licences covering eight
blocks in Namibia, through its wholly owned subsidiary Enigma Oil & Gas Exploration (Pty) Limited, one
block in Mauritania through its wholly owned subsidiary Chariot Oil & Gas Investments (Mauritania) Limited
and three blocks in Morocco through its wholly owned subsidiary Chariot Oil & Gas Investments (Morocco)
Limited all of which are offshore. The Group’s wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda,
has recently been awarded four licences in the shallow water offshore Brazil. All of these blocks are
currently in the exploration phase.

The ordinary shares of Chariot Oil & Gas Limited are admitted to trading on the AIM Market of the London
Stock Exchange under the symbol ‘CHAR’.