Chariot is trading 10.34% up at £3.20 after its September 1 announcement supporting Etu Energias’ acquisition of offshore Angola interests.
- The transaction doubled Chariot’s economic exposure to producing assets.
- Cavendish reiterated its buy rating and raised its target price, citing the expanded Angola footprint.
- No new September 8 company announcement was identified; the latest rise appears to extend the earlier catalyst.