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THE Court of Appeal has upheld the role and actions of the Guernsey Financial Services Commission in overturning a Royal Court judgment against it from last year.
The Lixus licence covers an area of approximately 2,390km 2 , 30km north of Chariot’s existing Moroccan acreage, with water depths ranging from the coastline to 850m. The area has been subject to earlier exploration with legacy 3D seismic data covering approximately 1,425km 2 and 4 exploration wells, including the Anchois gas discovery. The Rissana licence covers an area of approximately 8,476km 2 and will completely surround the offshore boundaries of Chariot’s existing Lixus licence which contains the Anchois Gas Discovery, as well as covering the most prospective northern areas of t...