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FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas

Chariot Oil and Gas · Feb 11, 2013 · 43 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 1
    Growth through Exploration February 2013 Growth through Exploration 1 www.chariotoilandgas.com
  2. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 2
    Overview Sunrise in Damaraland, Namibia Growth through Exploration 3 www.chariotoilandgas.com February 2013
  3. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 3
    Growth through Exploration Focused Strategy High Quality Commitments Exploration Fully Funded Portfolio Multiple Value Experienced Triggers E&P Team Growth through Exploration 5 www.chariotoilandgas.com February…
  4. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 4
    Focused Strategy GOAL: Create transformational stakeholder value through the discovery of material accumulations of hydrocarbons STRATEGY: Explore in new or emerging hydrocarbon provinces Take large equity positions in the…
  5. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 5
    High Quality Exploration Portfolio New Acquisition MOROCCO: Emerging hydrocarbon province Acreage proximal to oil and gas/condensate fields Increasing industry interest Giant lead potential Portfolio Exploration Maturity…
  6. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 6
    Experienced E&P Team Over 200 years of experience in exploration, development and production Over 40 discoveries, with 14 major discoveries Management team with a track record of securing funding and delivering exploration success…
  7. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 7
    Multiple Value Triggers 2013 2014 2015 NAMIBIA NAMIBIA NAMIBIA Northern Area integration of Tapir South well results, Resource description and initiation of Partnering Northern Area Drilling with a partner Initiation of Southern…
  8. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 8
    Commitments Fully Funded All contractual commitments fully funded through 2014 Planned work programme fully funded through 2013 2012 YE cash at 68.3mm Track record of securing industry funding: Southern Area seismic…
  9. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 9
    Investment Case Focused Strategy Explore in new or emerging provinces Take large equity positions in the early phases of exploration Manage risk through: Fully Funded - Levered Partners High Quality Portfolio - Portfolio…
  10. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 10
    Chariots portfolio Sossusvlei, Namib desert Growth through Exploration 11 www.chariotoilandgas.com February 2013
  11. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 11
    West Africa Discovery curves and exploration maturity Plate Reconstruction 100Ma North Morocco Aaiun-Tarfaya MSGBC But decline indicates Transform Margin smaller future Poor value Niger field sizes Delta W. Africa Salt…
  12. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 12
    West Africa, discovery curves, exploration maturity and Chariot Positioning Plate Reconstruction 100Ma Transform margin North Morocco Aaiun-Tarfaya Mauritania (MSGBC) Namibian, Moroccan and Mauritanian basins are Transform…
  13. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 13
    Chariots position in Namibia 8 Offshore Blocks in geologically distinct basins Ownership: Northern Blocks: 100% Central Blocks: 90% (AziNam 10%) Southern Blocks 2714A: 25% (BP 45%, Pb 30%) 2714B: 100% Completed Work Programmes:…
  14. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 14
    Namibia Northern Area Sub-Salt Carbonate play Zamba Prospect Zamba prospect giant potential sub-salt carbonate play on trend with recent Angolan discoveries Structural extent of prospect is 112 km 1,800 km of 3D seismic allows…
  15. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 15
    Namibia Northern Area Sub-Salt Carbonate play Zamba Prospect Prospect Inventory PROSPECTIVE RESOURCES on Northern Area FORWARD PLAN Well Partnering process initiated Drilling with a Partner potentially in 2014 Growth…
  16. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 16
    Namibia Central Area Reef and shelf-edge carbonate and clastic plays Deep-Water canyon-head, channel and fan plays A A 4 C 1 A W-E seismic showing all 2 plays B 3 4 C 2 1 D 5 Multiple prospects and leads in Central…
  17. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 17
    Namibia Central Area Reef and shelf-edge carbonate and clastic plays Deep-Water canyon-head, channel and fan plays PROSPECTIVE RESOURCES on Central Area 19 Targets identified in the 3D seismic area that fall within 13 Prospects…
  18. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 18
    Namibia Southern Area Deep-Water canyon-head, channel & fan plays Onlap traps Moosehead (HRT) Kabeljou-1 A A Source rock is modelled to be oil-generating off the Nimrod high, in the region where:- Deep water canyon head,…
  19. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 19
    Namibia Southern Area Deep-Water canyon-head, channel and fan plays Onlap Traps Prospect Inventory PROSPECTIVE RESOURCES Re-evaluation of the Prospect Inventory in 2714A awaits Petrobras completion of the Kabeljou-1 post-well…
  20. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 20
    Mauritania Deep-Water canyon-head, channel and fan plays Nearby oil discoveries Established oil producing region, with the Chinguetti field recording an initial production rate in excess of 70,000bopd Chariot secured acreage…
  21. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 21
    Mauritania Deep-Water canyon-head, channel and fan plays Nearby oil discoveries Oil Window Reservoir Sands sourced from Clastic starved large inland drainage outer platform A Chariot 3D Nearby Aigrette oil discovery which…
  22. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 22
    Mauritania Deep-Water canyon-head, channel and fan plays Nearby oil discoveries PROSPECTIVE RESOURCES Three canyon-head leads have been identified on the legacy 2D seismic data Maturing these leads into prospects, by use of the…
  23. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 23
    Morocco Carbonate platform, shelf-edge & DW clastic plays Nearby oil, gas condensate and gas discoveries Emerging province with 100km nearby gas production, historic oil production and gas-condensate discoveries Chariot have…
  24. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 24
    Morocco Carbonate platform, shelf-edge & DW clastic plays Nearby oil, gas condensate and gas discoveries Pliocene Biogenic Gas Thermogenic Gas Thermogenic Gas Condensate Condensate Source rock is modelled to be oil- Location…
  25. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 25
    Morocco Carbonate platform, shelf-edge & DW clastic plays Nearby oil, gas condensate and gas discoveries Lead Inventory PROSPECTIVE RESOURCES The Jurassic Carbonate bank structure identified in Rabat Deep on the 2D seismic has an…
  26. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 26
    Portfolio Materiality Candidate Drilling Inventory is potentially transformational for the Company Net Chariot unrisked Net Chariot risked NPV(10) post tax EMV(10) post tax Net unrisked NPV(10) of current portfolio at current…
  27. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 27
    Current portfolio forward plan summary Licence 2013 2013 2013 2013 2014 2014 2015 1Q 2Q 3Q 4Q 1H 2H Namibia Northern Area Potential drilling with a Partnering process partner Central Area Prospect selection & Potential drilling…
  28. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 28
    Financing Dolphins spotted from 3D seismic vessel offshore Mauritania, December 2012 Growth through Exploration 29 www.chariotoilandgas.com February 2013
  29. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 29
    Cash Position at 31 December 2012 Unaudited Reported cash balance per Interim Results at 30/6/12 US112.4m Less: Namibia drilling and seismic activities US(36.5)m Mauritanian and Moroccan G&G and G&A US(2.4)m Other G&G and G&A…
  30. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 30
    Growth through Exploration Focused Strategy Explore in new or emerging provinces Take large equity positions in the early phases of exploration Manage risk through: Fully Funded - Levered Partners High Quality Portfolio -…
  31. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 31
    Appendices Growth through Exploration 32 www.chariotoilandgas.com February 2013
  32. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 32
    Experienced team Over 200 years collective experience Larry Bottomley Matthew Taylor Julia Kemper Ian Thomas Martin Richards Alex Green CEO and BOD member Director of Exploration Principal Geophysicist Senior Staff Geophysicist…
  33. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 33
    Further senior management Mark Reid Robert Mwanachilenga Siegfried Baumgartner Anthony Jervis CFO and BOD member Country Manager, Namibia Senior Exploration Advisor Senior Geoscientist 20 years experience 20 years experience 30…
  34. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 34
    Achievements to date 2008 2009 2010 2011 2012 Listed on AIM, raising Completion of seismic Completed 3D seismic Placing raises US140 million (net Completed 3D seismic acquisition US90m acquisition acquisition of expenses) programme…
  35. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 35
    Corporate snapshot Share Price Performance (LTM) Market Statistics Market Statistics 200 80.0 Listing: AIM, London Ticker Symbol: CHAR 150 60.0 No. of Shares in Issue: 200.6mm Volume (mm) Price (GBp) Current Market…
  36. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 36
    Other board members Philip Loader, Non-Executive Chairman Over 27 years experience in the upstream oil and gas industry, core strengths in international exploration and business devel opment. Currently SVP of Exploration for Mubadala…
  37. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 37
    Investment climate and licence terms Growth through Exploration 38 www.chariotoilandgas.com February 2013
  38. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 38
    Investment climate Namibia GDP: US12.15 billion (2012 estimate) Annual Growth: 4% (2012 estimate) Population: 2.2 million (July 2012) Inflation: 5.8% (2012 estimate) Major Industries: Mineral production, game and cattle ranching,…
  39. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 39
    Licence details & fiscal terms Namibia Licence Area Asset Licence Operator Interest% Status Phase Km2 (gross) Block 1811A&B 14 Enigma 100 Exploration 5,867 Block 2312A&B 19 Enigma 90 Exploration 16,950 N/2 of Block 2412 A&B 19…
  40. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 40
    Investment climate Mauritania GDP: US4 billion (2012 estimate) Annual Growth: 5.3% (2012 estimate) Population: 3.4 million (July 2012 estimate) Inflation: 7% (2011 estimate) Major Industries: iron ore, fish and fish products…
  41. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 41
    Licence details & fiscal terms Mauritania Asset Licence Operator Interest Status Licence Area Km2 % Phase Block C-19 Chariot Oil & 90% Exploration 12,175 C19 Gas Investments, Mauritania Summary of licence period terms:…
  42. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 42
    Investment climate Morocco GDP: US97.17 billion (2012 estimate) Annual Growth: 2.9% (2012 estimate) Population: 32.3 million (July 2012) Inflation: 1.4% (2012 estimate) Major Industries: Phosphate rock mining and processing, food…
  43. FEBRUARY 2013 INVESTOR PRESENTATION – Chariot Oil and Gas – slide 43
    Licence details & fiscal terms Morocco Asset Licence Operator Interest% Status Phase Licence Area Km2 Loukos Loukos Chariot Oil & Gas 75% Exploration* 1,925 Investments, Morocco Casablanca/ Casablanca/ Chariot Oil & Gas 75%…

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