Growth through Exploration Final Results - March 2014 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com March 2014
Strategic repositioning New team: A new executive management team and additional technical board members focused on delivering the Company goal: Transformational value through the discovery of material hydrocarbon accumulations.…
Delivering on our strategy Highlights during and post period Diversified portfolio with a balance of risk and maturity Broadened Atlantic margins portfolio through successful bids on four exploration blocks in the frontier…
Audited Results 12 months to 31 December 2013 12 months to 31 December 2013 12 months to 31 December 2012 Income Statement Extract (USm) Share based payments (2.2) (1.8) G&A (6.0) (7.5) Impairment - (80.9) Tax expense (1.8) -…
Audited Cash Position as at 31 December 2013 Reported cash balance per Audited Results at 31/12/12 US68.3m Less: Mauritania 3,500km2 3D US(23.1)m Brazil Lic acqn, G&G and G&A US (2.4)m Namibia and Morocco 3D proc and 2D reproc US…
Multiple Value High quality exploration portfolio with Triggers multiple value triggers MOROCCO: Atlantic Margins Explorer MAURITANIA: Industry: Industry: 10 NFW wells over the next 2 years 5 NFW wells over the next 2 years Chariot…
High Quality Morocco Exploration Drill ready 2015* Portfolio Fast Follower in Hot Basin Ownership Rabat Deep, Loukos & Mohammedia Reconnaissance 75% (Operator); ONHYM 25% Farm-outs to bring in seismic and drilling partners for 2…
High Quality Chariots position in Morocco Exploration Chariot portfolio in the fairways with third party drilling Portfolio Pliocene Fairway Pliocene Lead 1 Wells to be drilled by third parties in the next year Large, attribute-…
Outlook Fully Funded Debt free with all contractual commitments fully funded through to the end of 2015 Continue application of technology: - Morocco: 1,700km2 3D seismic campaign to kick off across all licences Q2 2014 -…
Appendices Growth through Exploration 11 www.chariotoilandgas.com March 2014
High Quality Portfolio Maturity Exploration Portfolio Executing the programme Working Approximate Ongoing Drill Ready Contract Area Acquired Licence Area Operator Commitments 2D 3D Interest (subject to Partnering) (km2) Namibia…
Multiple Value Upcoming Triggers Triggers A pipeline of drilling opportunities for long term sustainable growth Licence 2014 1Q 2014 2Q 2014 3Q 2014 4Q 2015 1H 2015 2H Morocco Rabat Deep Loukos Acquire 3D seismic Process and…
High Quality Potential of Chariot's portfolio Exploration Regional prospectivity material to high quality Portfolio neighbours 250000 MAURITANIA MOROCCO 200000 150000 Market Cap (USm) 100000 BRAZIL 50000…
High Quality Established, Emerging & Frontier Exploration Exploration Portfolio Our Portfolio Countries WHY MOROCCO WHY MAURITANIA Atlantic Margins Explorer Underexplored with a number of high Focus of renewed exploration by…
High Quality Established, Emerging & Frontier Exploration Exploration Portfolio Our Countries MOROCCO: MAURITANIA: GDP: US104.8 billion Atlantic Margins Explorer GDP: US4.1 billion Annual Growth: 5.1% Annual Growth: 6.4%…
Multiple Value Very Competitive Commercial Terms Triggers Our Portfolio Countries Indicative Government Share* MOROCCO: MAURITANIA: 0 50% 100% Chariot Morocco: Nigeria Chariot Mauritania: Tax & Royalty: Angola PSC with Tax:…
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