Growth through Exploration July 2015 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com July 2015
Chariot Growth through transformational exploration Morocco High impact Atlantic Margins explorer Priority prospect Prospective resources Giant potential in an extensive portfolio of oil prospects and leads 618mmbbls Each asset…
Building the ideal AiM Company - Focused on Growth ACCESS DE-RISK Secure large acreage positions in new and Apply appropriate risk reduction technologies emerging basins Levered partnering at investment phases Take operated…
Chariots ability to prosper in a lower oil price environment POSITIONING PROTECTING DE-RISKING CAPITALISING High margin assets Operatorship and High quality G & G work - Reduced service costs robust economics even at control of…
Planned work programme and commitments fully funded 2015 Estimated Capital Expenditure Allocation 31 December 2012 cash 68.3m Business Development 2013 expenditure: (38.0)m Mauritania 7% Farm-in recovery: 26.4m 9% 31…
Activity 2H 1H 2H 1H 2H Country Licence 2018 2015 2016 2016 2017 2017 Rabat Well Partnering Drill JP-1* MOROCCO Near Zero Loukos Cost Drilling* No remaining Partnering commitments Mohammedia 2D 3D Drilling* MAURITANIA Near…
Track Record Over 200 years of experience in exploration, development and production Participated in the evaluation, access and interpretation leading to the discovery of over 40 fields with 14 major discoveries Management team with…
Portfolio theme Nova Scotia Morocco / Mauritania Late Jurassic Reserve 4TCF and associated liquids Panuke Deep (Encana) Sable (ExxonMobil, Shell) BP and Shell have committed 2bn to dw exploration Uruguay Namibia Early…
Morocco Ownership Rabat Deep 50% (Op.); Woodside 25%; ONHYM 25% Gas-condensate Gas production Loukos & Mohammedia 75% (Op.); ONHYM 25% discovery Plan to bring in additional partner for 2016 drilling* Repsol Loukos Chariot…
Morocco Legacy Jurassic oil production in adjacent onshore area Prospectivity: Jurassic Fairway JP-1 149km2 4-way dip faulted structure of 618mmbbls** JP-2 75km2 faulted LKP-1 structure JP-1 Additional 6 Jurassic leads…
Mauritania Chariot acreage Ownership 3D seismic Block C-19 55% (Operator); Cairn 35%; SMHPM 10% Oil Shows C-19 Plan to bring in additional partner for 2016 drilling* Chariot Chariot Activity in 2015 Seabed coring to validate…
Mauritania 2 wells in the C-19 block with KT-1 significant oil shows BFT-1 4 nearby discoveries Aigrette, Pelican, Cormoran, & Frgate Frgate opens a new oil play in Late Cretaceous MA-1 PA-1 turbidites, up to 30 metres of net…
Brazil Ownership: BAR-M-292, 293, 313, 314; 100% (Operator) OGX Guajuru Prospect Plan to bring in additional partner for seismic and 2017 OGX drilling* Petrobras 1 well 3,000 km2 3D seismic Chariot Planned Activity in 2015…
Brazil Only 3 deepwater wells drilled in the basin Presence of excellent Tertiary and Cretaceous turbidite reservoirs Evidence for sufficient burial of the Cenomanian-Turonian source rock for hydrocarbon generation; supported…
Namibia 469mmbbls Central Blocks 15 exploration wells drilled prospect offshore Namibia 8 wells drilled in deepwater (500m) Additional 6 of these wells have been Flat Spot 12 Prospects drilled in the last 2 years and Leads…
Outlook - Seeking to build the ideal AiM Company Strategy underpinned by: Diverse asset base with transformational potential Core focus on risk management - partnering and technical development to optimise drilling Strong…
Appendices Growth through Exploration 19 www.chariotoilandgas.com July 2015
The Management Team 200+ years of experience ; In house technical skill set ; Track record of securing funding and delivering exploration success 30 years experience 15 years experience in exploration and production. Track record…
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 structuring,…
Corporate snapshot Shareholders (30.06.2015) Market Statistics Share Price (15 July 2015): 8.40p Market Statistics (15.07.15) Listing: AIM, London 5% 12% Ticker Symbol: CHAR Director and related No. of Shares in Issue:…
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…
Portfolio MAURITANIA MOROCCO BRAZIL Chariots Portfolio transposed to the North Sea NAMIBIA Growth through Exploration 24 www.chariotoilandgas.com July 2015
Fast follower positioning fundamental to the strategy Morocco and Mauritania Recent Success in Emerging Brazil and Namibia New Understanding in Frontier and Established regions Regions: Growth through Exploration 25…
Portfolio maturity Approximate Working Ongoing Significant Seismic Drill Ready Licence Area Contract Area Acquired Interest (km2) Operator Commitments Acquisition To Date (subject to Partnering) Namibia offshore Central Blocks…
Prospect Inventory Based on 3D seismic data Based on 2D seismic data Morocco Netherland Sewell and Associates Inc. (NSAI) Growth through Exploration 27 www.chariotoilandgas.com July 2015