Growth Through Exploration February 2016 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com February 2016
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 768mmbbls** 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 PROTECT THE PROTECT THE CASH PARTNER CAPITALISE PORTFOLIO Focus on Capital Operatorship and Key to next step is drilling Reduced service costs Discipline control of…
Planned work programme and commitments fully funded 2016 Estimated Capital Expenditure Allocation 31 Dec 2012 cash 68.3m 2013 expenditure: (38.0)m Morocco Mauritania Farm-in recovery: 26.4m 4% 2% NVs 6% 31 Dec 2013 cash 56.7m…
Activity 1H 2H 1H 2H 1H 2H Country Licence 2018 2016 2016 2017 2017 2018 MOROCCO Rabat Well Partnering Drill JP-1* Near Zero Cost No remaining Mohammedia Partnering 2D 3D Drilling* commitments MAURITANIA Near Zero C-19…
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) Shell has committed 1bn to dw exploration Uruguay Namibia Early…
Morocco Ownership Rabat Deep 50% (Op.); Woodside 25%; ONHYM 25% Gas-condensate Gas production Mohammedia 75% (Op.); ONHYM 25% discovery Chariot Activity in 2016 Repsol Loukos Continue partnering process on Rabat Deep…
Morocco Nearby onshore legacy fields have NE SW NE produced light oil (34 - 41o API) from Jurassic carbonates Rabat Deep Mohammedia Reservoir demonstrated in Lower Cretaceous deltaic and shallow marine clastics mapped in outcrop…
Mauritania Chariot acreage Ownership Block C-19 55% (Operator); Cairn 35%; SMHPM 10% 3D seismic C-19 Extensive Oil Chariot Plan to bring in additional partner for drilling shows Cretaceous Oil Chariot Activity in 2016…
Mauritania Proven petroleum system 2 wells in the C-19 block (RAB-1 and KT-1 RAK-1) with significant oil shows BFT-1 4 nearby oil, gas and gas-condensate discoveries in Aigrette, Pelican, Onlapping Cormoran, & Frgate channel/fan…
Brazil Ownership: OGX Guajuru Prospect BAR-M-292, 293, 313, 314; 100% (Operator) OGX Plan to bring in additional partner for seismic and subsequent drilling* Petrobras 1 well 3,000 km2 3D seismic 131 M signature bonus…
Brazil Only 3 deepwater wells drilled in the basin Jubilee Discovery Kosmos / Tullow Presence of excellent Tertiary and Cretaceous turbidite reservoirs Evidence for sufficient burial of the Cenomanian-Turonian source rock for…
Namibia SW NE Wells adjacent to the Central Blocks with NE 2015 2D seismic 2012 3D seismic excellent quality mature source rock and 2016 3D seismic light oil (41o API) recovery Kudu field adjacent to the Southern Blocks Excellent…
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 February 2016
The Management Team 200+ years of experience ; In house technical skill set ; Track record of securing funding and delivering exploration success 35 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 (31.01.16) Market Statistics Share Price (19 February 2016): 5.5p Market Statistics (27.11.15) Listing: AIM, London Ticker Symbol: CHAR No. of Shares in Issue (at 1 February 2016):…
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 February 2016
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 Netherland Sewell and Associates Inc. (NSAI) Based on 3D seismic data: Based on 3D seismic data: Based on 2D seismic data: Netherland Sewell and Associates Inc. (NSAI) Growth through Exploration 27…
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