I am initiating coverage on Chariot Oil & Gas (OTC: OTCPK:OIGLF), an oil and gas exploration company with giant potential exploration assets offshore Namibia, Mauritania, Morocco and Brazil. Chariot Oil & Gas is a small company with a market capitalization of $68 million, but has the potential to make it big in the long-term. This initiation on the company discusses the assets, the company's growth and funding strategy and the potential stock upside triggers.
Company And Assets
Chariot Oil & Gas is an independent oil and gas exploration group. It holds licenses covering eight blocks in Namibia, one block in Mauritania, three blocks in Morocco and four licenses in the Barreirinhas Basin offshore Brazil. All of these...
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