December 17, 2014 / 7:32 AM / 3 years ago

BRIEF-Chariot Oil expects lower oil prices to continue to affect exploration investment

Dec 17 (Reuters) - Chariot Oil And Gas Ltd

* At year-end, unaudited cash position of company is estimated to be approximately us$42 million, with additional recoveries of up to us$13.5 million expected

* Recent decline in oil price has materially affected scale of investment across all sectors of exploration and production industry, and this will make for a more challenging business environment

* Chariot stands financially robust and technically capable of taking advantage of opportunities that may arise as a result of external factors that are affecting oil and gas industry Source text for Eikon: Further company coverage:

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