Chariot Ltd announced that its strategic shift to producing oil assets will start generating cashflow in 2027, driven by two key transactions in Angola. The first deal, supporting Etu Energias’ acquisition of Azule Energy interests, is expected to complete in late 2026, followed by a second transaction acquiring interests from Chevron in early 2027. These deals provide exposure to about 8,000 barrels per day with a net present value over $200 million at $60 per barrel. Despite higher near-term costs and a first-half loss, Chariot aims to build a cash-generative upstream oil business and expects cost recoveries once deals close, while its renewable power assets are attracting multiple bids.
Chariot's production pivot is noted here alongside Pluang's Energy sector data. As of Sep 30, 2026 13:51 WIB, 25 of 38 priced Energy-sector US stocks on Pluang rose while 12 fell. Notable prices include INDO at USD 2.70 with 68% buy order activity, NE at USD 41.94 down 1.57%, and TDW at USD 82.29 with 100% buy order activity.
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