Growth through Exploration Interims presentation for the 6 months to June 30 2013 South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com September 2013
Growth through Exploration Highlights Summary Strategy Outlook Portfolio Growth through Exploration 3 www.chariotoilandgas.com September 2013
HIGHLIGHTS Building a diversified operated asset base with material upside Successful bids on four exploration blocks in the frontier Barreirinhas basin, offshore Brazil Maturing the portfolio to deliver transformational…
HIGHLIGHTS Interim Results 6 months to 30 June 2013 (unaudited) 6 months to 30 June 2013 6 months to 30 June 2012 Year to 31 December 2012 Unaudited Unaudited Audited USm USm USm Income Statement Extract G&A (3.1) (3.0) (7.5)…
HIGHLIGHTS Cash Position as at 30 June 2013 (unaudited) Reported cash balance per Audited Results at 31/12/12: US 68.3m Less: Mauritania 3,500km2 3D Acquisition US(22.2)m Namibia, Morocco and Brazil G&G and G&A US (1.5)m Other…
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 operated equity positions…
High Quality Exploration Portfolio MAURITANIA: Atlantic Margins Explorer MOROCCO: Established Emerging Oil shows in licence area; block Acreage proximal to oil and adjacent to 3 recent discoveries gas/condensate fields 3,500 km2…
Chariots position in Namibia 8 Offshore Blocks in geologically distinct basins Ownership: Northern Blocks: 100% (Operator) Central Blocks: 90% (Operator), AziNam 10% Southern Blocks 2714A: 25%, Pb 30% (Operator), BP 45% 2714B: 85%…
Namibia Southern Area Moosehead (HRT) Kabeljou-1 A Source rock in the shallower A petroleum system is modelled to be oil-generating off the Nimrod Shallower Petroleum system high, in the region where:- proven Deep-water…
Namibia Central Area 1 X 3D Prospects 2D Leads A Lead 3 B Deep-Water canyon-head, 4 Shallower channel and fan plays C Petroleum Build-up and shelf- 6 system Lead 4 edge carbonate and X B clastic plays D 4 Lead 5 Lead…
Namibia Northern Area The Tapir South dry well A encountered excellent Upper A Cretaceous deep-water turbidite sands Oil in fluid inclusions in this well imply charge pre-dates trap A A formation Zamba prospect is a giant…
Mauritania Deep-water canyon-head, channel and fan plays Nearby oil discoveries Established oil producing basin, with the Chinguetti field recording an initial production rate in excess of 70,000bopd C-19 Ownership Chariot…
Morocco Carbonate platform, shelf-edge & Deep-water clastic plays Nearby oil, gas condensate and gas discoveries Emerging province with nearby gas production, historic oil production and gas-condensate discoveries Repsol…
Brazil Barreirinhas Deep-water clastic plays Structural and stratigraphic trapping potential Early-mover entry into Frontier province with source, reservoir and seal play OGX components demonstrated in nearby wells OGX Basin…
OUTLOOK Namibia Southern Blocks (2714B) 2D seismic acquisition 4Q 2013/1Q 2014 Central Blocks Partnering process initiated Northern Blocks Partnering process following 1Q 2014 third party drilling Mauritania Block C19 - 3D PSDM…
SUMMARY 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 Diversity All…
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