Growth through Exploration June 2015 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com June 2015
Growth through Exploration Strategy Funding Portfolio WHY CHARIOT Triggers Team Growth through Exploration 3 www.chariotoilandgas.com June 2015
Chariot investment case Why Chariot High impact explorer with a large scale portfolio PORTFOLIO Morocco High Quality, High Potential, High Margin, Large Scale Opportunities Prospective resources 618mmbbls+ Exposure to 8 operated…
Create transformational stakeholder value Strategy through the discovery of material hydrocarbon accumulations ACCESS DE-RISK New Exploration Opportunities Partnering Apply appropriate risk reduction technologies Secure large…
Multiple Value Upcoming Activity & Triggers Triggers MOROCCO MAURITANIA Atlantic Margins Explorer Industry: Industry: 3 NFW wells over the next 2 years 3+ NFW wells over the next 2 years Chariot: Chariot: Drill ready* Drill…
Track record of discovering Team material hydrocarbon accumulations Over 200 years of experience in exploration, development and production Participated in the evaluation, access and interpretation leading to the discovery of over…
Work Programme and Upcoming Triggers Triggers A pipeline of drilling opportunities for long term sustainable growth using levered partnerships 1H 2H 1H 2H 1H 2H Country Licence 2015 2015 2016 2016 2017 2017 2018 Rabat Well…
Commitments Planned work programme and commitments Fully Funded fully funded Audited 31 December 2013 cash 56.7m Net outflow in 2014 of US(3.2)m as follows; Morocco 3D (10.7)m Namibia 2D and G&G (4.0)m Mauritania CGT and G&G…
Portfolio Theme Portfolio Atlantic margin petroleum systems Conjugate margin analogy with giant potential Nova Scotia Morocco / Mauritania Late Jurassic Reserve 4TCF and associated liquids Panuke Deep (Encana) Sable…
Portfolio Potential of Chariot's Portfolio Regional prospectivity material to high quality neighbours MAURITANIA MOROCCO BRAZIL Chariots Portfolio transposed to the North Sea NAMIBIA Growth through Exploration 11…
Morocco Portfolio Drill ready 2015* Fast follower with a zero cost option chasing proven plays Ownership Rabat Deep 50% (Op.); Woodside 25%; Gas-condensate Gas production discovery ONHYM 25% Loukos & Mohammedia 75% (Op.); ONHYM…
Portfolio Chariots position in Morocco Chariot portfolio in the fairways with third party drilling Mio-Pliocene Fairway Pliocene Lead 1 Large, attribute- supported shallow- water gas lead Gross Mean Prospective Resource of…
Mauritania Portfolio Drill Ready* Fast follower with a zero cost option in a proven basin chasing proven plays Chariot acreage Ownership 3D seismic Block C-19 55% (Operator); Cairn 35%; SMHPM 10% C-19 Oil Shows Plan to bring in…
Portfolio Chariots position in Mauritania Proven petroleum system with near term third party activity 2 wells in the C-19 block with KT-1 significant oil shows BFT-1 4 nearby discoveries Aigrette, Pelican, Cormoran, & Frgate…
Brazil Barreirinhas Basin Portfolio Drill Ready 2017* Fast follower with a seismic option Ownership: Guajuru BAR-M-292, 293, 313, 314 OGX Prospect OGX 100% (Operator) Plan to bring in additional partner for 2015 seismic…
Chariots position in Brazil Portfolio Fast follower with a seismic option Only 3 deepwater wells drilled in the basin Presence of excellent Tertiary and Cretaceous turbidite reservoirs Evidence for sufficient burial of the…
Namibia Portfolio Drill Ready* Option value in an underexplored frontier province with giant potential Ownership: Gas discovery Central Blocks: 65% (Op.); AziNam 20%; NAMCOR 10%; BEE 5% Excellent reservoir Southern Blocks: 85%…
Chariots position in Namibia Portfolio Frontier province with all the components of working petroleum systems confirmed 469mmbbls Central Blocks 15 exploration wells drilled prospect offshore Namibia 8 wells drilled in deepwater…
Work Programme and Upcoming Triggers Triggers A pipeline of drilling opportunities for long term sustainable growth using levered partnerships 1H 2H 1H 2H 1H 2H Country Licence 2015 2015 2016 2016 2017 2017 2018 Rabat Well…
Why Chariot Key Messages Strategically positioned high impact explorer with large scale portfolio - Attractive entry point for exposure to giant opportunities with transformational potential - Atlantic margin focus with a range of…
Appendices Growth through Exploration 22 www.chariotoilandgas.com June 2015
Experienced team Team Over 200 years collective experience Larry Bottomley Matthew Taylor Julian Maurice-Williams Duncan Wallace Julia Kemper CEO and BOD member Technical Director and CFO Exploration Manager Principal…
Team The Non-Executive Team George Canjar, Non-Executive Chairman 30 years with Shell and then Carrizo supervising exploration & seismic operations; deep offshore W. Africa and the Gulf of Mexico Specific expertise in deal…
Corporate snapshot Shareholders Market Statistics Share Price (2 June 2015): 10.63p Market Statistics (02.06.15) Listing: AIM, London 7% 19% Ticker Symbol: CHAR Director and related No. of Shares in Issue: 262,294,113 42%…
Achievements to date Chariot was founded in 2008 with an IPO on AIM raising US90m with a purely Namibia focused portfolio Since 2011 Chariot has developed a balanced portfolio, demonstrating its ability to identify and access high…
Chariots Portfolio transposed to Brazil, the GoM and the UKCS North Sea MOROCCO MAURITANIA BRAZIL NAMIBIA Growth through Exploration 27 www.chariotoilandgas.com June 2015
High Quality Established, Emerging & Frontier Exploration Exploration Portfolio Our Countries MOROCCO: MAURITANIA: GDP: US112.6 billion Atlantic Margins Explorer GDP: US4.3 billion Annual Growth: 3.5% Annual Growth: 6.8%…
Portfolio Established, Emerging & Frontier Exploration Our Portfolio Countries WHY MOROCCO WHY MAURITANIA Atlantic Margins Explorer Underexplored with a number of high Focus of renewed exploration by range of Atlantic potential…
Portfolio Very Competitive Commercial Terms Our Portfolio Countries Indicative Contractor Share* MOROCCO: 100% 50% 0 MAURITANIA: Morocco Chariot Morocco: Chariot Mauritania: Guinea Tax & Royalty: PSC with Tax: 30% Corporation…
Portfolio Maturity Executing the programme Working Approximate Ongoing Drill Ready Contract Area Acquired Licence Area Operator Commitments 2D 3D Interest (subject to Partnering) (km2) Namibia offshore Central Blocks 2014 65%…
Prospect Inventory Independent CPR of Prospective Resource Potential Based on 3D seismic data Based on 2D seismic data Netherland Sewell and Associates Inc. (NSAI) Growth through Exploration 32 www.chariotoilandgas.com June…
Portfolio Materiality Transformational opportunities with giant follow on potential Prospect inventory has a range of technical maturity, with Namibia and Mauritania drill-ready* Higher The developing Prospect Inventory in…
Growth through Exploration Strategy Portfolio Team Triggers Funding Explore in new or emerging Giant potential, 20 employees in UK, Sustainable business plan All contractual commitments provinces transformational Prospect…