8 Million Fundraise for Offshore Angola Oil Acquisition. London, United Kingdom — 2026-02-19 Lead Paragraph Chariot Energy, an Africa-focused energy company, has announced its plans to secure acquisition funding for an oil-producing asset located offshore Angola. 8 million (around £18.
6 million) through an equity placing and a direct subscription, with an additional open offer aiming to raise up to US$4 million (approximately £3 million).
The fundraising will be carried out through an equity placing and a direct subscription, totaling approximately US$20 million (around £14. 8 million) net of expenses.
An open offer is also in place to raise an additional US$4 million (approximately £3 million). Chariot Energy will issue approximately 1,132,275,133 New Ordinary Shares under the placing and subscription, with up to 225,449,336 New Ordinary Shares available under the open offer.
The issue price for each share is set at 1.
4 pence. Investors in the fundraising will receive one warrant for every New Ordinary Share issued, entitling them to subscribe for one Ordinary Share at an exercise price of 2.
4 pence, with the warrants expiring on 9 April 2029.
The placing will be conducted through an accelerated bookbuild at the Issue Price, with the timing of the closing and allocations at the discretion of Hannam & Partners, the Bookrunner, and the Company.
The results of the placing and subscription will be announced following the close of the Bookbuild. Commenting on the fundraising, Adonis Pouroulis, CEO of Chariot, highlighted the strategic importance of the transaction.
“In working alongside Shell Trading to fund this deal, we are accessing the opportunity to secure a transformational transaction in a prolific producing asset offshore Angola,” Pouroulis.
“Shell Trading is providing a substantial acquisition finance package in exchange for offtake barrels, and by part-financing this acquisition, we will have a substantial economic exposure to cash-generative assets with significant upside. ” Ending The transaction marks Chariot’s strategic entry into Angola’s oil sector and is expected to finalize soon.
Further details on the transaction and its implications are expected to be released in the coming days.
