The well which was drilled to a total depth of 3,150m, by the Ocean Rig Poseidon drill ship, could not encounter any significant hydrocarbons during the preliminary logging results.
Nimrod delta had been intersected as planned; however the reservoir was less developed than anticipated.
An evaluation program was also undertaken to understand the stratigraphy, lithology and the nature of the formation fluids in this remote area.
Detailed analyses will now be undertaken on the data collected to gain an update of the resource of the remaining block.
Chariot Oil & Gas CEO Paul Welch said the well results will provide the company with the ability to identify additional prospectivity in other horizons.
"We will be discussing these findings and the next steps with our partners Petrobras and BP and will update the market with plans in due course," said Welch.
"Our overriding strategy remains the same – this is the second well of a larger 4 to 5 well programme in Namibia and we will continue to move forward with our work in the Central and Northern blocks.
"Our efforts in Mauritania continue to progress as do our plans to add new assets to our portfolio."
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