Growth Through Exploration Final Results YE 31 December 2016 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com March 2017
2016 and Post Period Highlights Delivering on the strategy, Capitalising on the environment Robust balance sheet with US25.0m of cash Significantly in excess of remaining commitments Ongoing capital discipline, no debt Drilling…
2016 and Post Period Highlights Significant technical developments Morocco Closed on farm-out on Rabat Deep securing a drilling partner to deliver near zero cost exploration Awarded Mohammedia Exploration Permits and secured…
Audited Results Year Ended 31 December 2016 Year to 31 December Year to 31 December 2016 2015 Audited Audited Capital discipline 2016 year end cash of USm USm US25.0m Income Statement Extract G&A decrease primarily due to G&A…
Capital discipline and allocation of funds Prudent financial management of funds 2013 to date: Reduction in Annual Cash Overhead (USm) 2013 to date: US68.3m End 2012 Cash Investment in the portfolio US38.5m US25.0m YE…
Planned Activity Country Licence 1H 2H 1H 2H 1H 2017 2017 2018 2018 2019 MOROCCO Rabat Deep 10% Drill RD-1 Zero Cost Funded well JP-1 Carried well 768mmbbls** MOROCCO Mohammedia 2D Drilling* Drilling* Kenitra Well Partnering…
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