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March 2016 Corporate Presentation – Chariot Oil and Gas

Chariot Oil and Gas · Mar 8, 2016 · 28 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. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 1
    Growth Through Exploration March 2016 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com March 2016
  2. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 2
    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…
  3. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 3
    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…
  4. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 4
    Chariots ability to prosper in a lower oil price environment PROTECT THE PROTECT THE CASH PARTNER CAPITALISE PORTFOLIO Focus on Capital Early phase Key to next step is drilling Reduced service costs Discipline operatorship &…
  5. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 5
    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…
  6. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 6
    Activity 1H 2H 1H 2H 1H 2H Country Licence 2018 2016 2016 2017 2017 2018 MOROCCO Rabat Zero Cost 10% Well Partnering Drill JP-1 Carried well Carried well Seismic Mohammedia Partnering 2D 3D Drilling* commitment 75%…
  7. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 7
    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…
  8. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 8
    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…
  9. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 9
    Morocco Ownership Rabat Deep 50% (Op.); Woodside 25%; ONHYM 25% Gas-condensate Gas production Eni to take 40% and Operatorship at close of farm-in discovery Mohammedia 75% (Op.); ONHYM 25% Repsol Loukos Chariot Activity in…
  10. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 10
    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…
  11. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 11
    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…
  12. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 12
    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…
  13. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 13
    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…
  14. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 14
    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…
  15. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 15
    Namibia Ownership: Gas discovery Central Blocks: 65% (Op.); AziNam 20%; NAMCOR 10%; BEE 5% Excellent reservoir Southern Blocks: 85% (Op.); Namcor 10%; BEE 5% Oil shows Excellent source Chariot Activity in 2016 rocks Central…
  16. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 16
    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…
  17. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 17
    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…
  18. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 18
    Appendices Growth through Exploration 19 www.chariotoilandgas.com March 2016
  19. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 19
    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…
  20. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 20
    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,…
  21. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 21
    Corporate snapshot Shareholders (31.01.16) Market Statistics Share Price (24 March 2016): 5.8p Market Statistics (24.03.16) Listing: AIM, London Ticker Symbol: CHAR No. of Shares in Issue (at 1 February 2016): 264,274,904…
  22. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 22
    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…
  23. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 23
    Portfolio MAURITANIA MOROCCO BRAZIL Chariots Portfolio transposed to the North Sea NAMIBIA Growth through Exploration 24 www.chariotoilandgas.com March 2016
  24. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 24
    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…
  25. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 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…
  26. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 26
    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…
  27. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 27
    Countries MOROCCO: MAURITANIA: GDP: US110 billion Atlantic Margins Explorer GDP: US5.0 billion Annual Growth: 2.4% Annual Growth: 2.2% Population: 33.3 million; Inflation: 0.4% Population: 3.6 million; Inflation: 3.5% Major…
  28. March 2016 Corporate Presentation – Chariot Oil and Gas – slide 28
    Commercial terms Indicative Contractor Share* MOROCCO: 100% 50% 0 MAURITANIA: Morocco Chariot Morocco: Chariot Mauritania: Guinea Tax & Royalty: PSC with Tax: 30% Corporation Tax Namibia 27% Corporation Tax Royalty: Oil 7-10%,…

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