Chariot Limited announced that it has signed Partnership Agreements with Energean plc group ("Energean") on the Lixus Offshore licence ("Lixus"), where the Anchois gas development project ("Anchois") is located, and on the Rissana Offshore licence ("Rissana") in Morocco. Partnering Rationale: Provides funding for both Chariot and the project through upfront consideration, deferred consideration and potentially a full carry to first gas, with Chariot retaining a material stake in the project. Secures an experienced operator for the development of Anchois.

Accelerates growth from the portfolio, with the potential to significantly upscale the development and target further exploration prospectivity in the Lixus and Rissana licences. Project Development: Leveraging their combined expertise to co-develop Anchois, the parties arealigned on the next steps for the project development, including: Drill a further well, in the east of the Anchois field and conduct a gas flow test in 2024, with rig contract negotiations advanced. Multi-objective well: Evaluate undrilled low-risk deeper sands, to potentially materially increase the resource base for a development above 1 Tcf.

Optimise development scheme through a production flow test. Provide a future producer well. Expansion of the existing offshore development plan, to accommodate potentially significantly higher production.

Finalise ongoing gas sales negotiations with focus on meeting Moroccan energy needs. Progress exploration together across Lixus and Rissana, including a 2024 seismic campaign. Key Deal Terms: Energean to acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively, and take operatorship of both licences.

Chariot will retain a 30% and 37.5% interest in Lixus and Rissana respectively, with ONHYM maintaining a 25% stake in each licence.