Transformational Growth Through Exploration February 2017 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com February 2017
Chariot Transformational growth through exploration High impact Atlantic Margins explorer Giant potential in an extensive portfolio of prospects and leads Each asset has material follow-on potential and large running room Morocco…
Delivering the Strategy ACCESS DE-RISKING Secure large acreage positions in new and Position the portfolio as a Fast Follower emerging basins Apply appropriate risk reduction technologies Take operated position in the early…
Track record of delivery Expanded portfolio in high potential, new and emerging basins characterised by flexible work programmes and excellent contract commercial terms ACCESS Currently operator of all but one licence with…
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…
Drill-ready inventory of high margin targets in diversity of plays Portfolio of drill-ready assets in emerging and frontier basins - substantial play opening opportunities A range of play types and investment opportunities Water…
Capital discipline and allocation of funds Prudent financial management of funds 2013 to date: Reduction in G&A (m) 2013 to date: 68.3m End 2012 Cash Investment in the portfolio 38.5m 25m* YE 2016 Cash* Cash…
Portfolio theme Nova Scotia Morocco Late Jurassic Reserve 4TCF and associated liquids Panuke Deep (Encana) Sable (ExxonMobil, Shell) Argentina / Uruguay Namibia Early Cretaceous Springhill play Repsol et al BP,…
Morocco Summary Ownership Morocco Rabat Deep 10%; Eni (Op.) 40%; Woodside 25%; ONHYM 25% Mohammedia 75% (Op.); ONHYM 25% Gas-condensate discovery Gas production Kenitra 75% (Op.); ONHYM 25% RD-1 to spud early 2018 Chariot…
Morocco Portfolio SW NE NE Proven source rocks, modelled mature Rabat Deep Kenitra Mohammedia kitchens and nearby onshore legacy light oil fields support hydrocarbon source presence and effectiveness Reservoir demonstrated in…
Namibia Portfolio Wells adjacent to Chariot acreage W E Prospect B Prospects encountered excellent quality source AO1 & AO2 rocks Light oil (41o API) recovered adjacent to Lead 085b Central Blocks Lead 085b Kudu gas field…
Brazil Summary Ownership BAR-M-292, 293, 313, 314; 100% (Operator) Plan to bring in partner for drilling* Guajuru Prospect Chariot Planned Activity in 2016 1 well 3,000 km2 3D seismic Acquired and processed 775km2 of 3D seismic…
Brazil Portfolio Only 3 deepwater wells drilled in the basin Jubilee Discovery Kosmos / Tullow Presence of excellent Tertiary and Cretaceous turbidite reservoirs Presence of Cenomanian-Turonian source rocks demonstrated in…
Outlook and Objectives Strategy underpinned by: Diverse portfolio and a drill-ready inventory with transformational potential Kenitra Offshore Core focus on risk management - partnering and technical development to…
Appendices Drilling Inventory Growth through Exploration 17 www.chariotoilandgas.com February 2017
Drilling Inventory Morocco RD-1 (drilling the JP-1 prospect) Drill-ready and funded for drilling in early 2018 0.8 0.7.8 0 0.7 0.5 0.4 Nearby onshore legacy fields have produced 34 Jurassic Cretaceous 0.3 0.9 Pseudo-5…
Drilling Inventory Morocco LKP-1a Drill-ready Proven source rocks, modelled mature kitchens Cretaceous Lar A-1 Merou-1 LKP-Complex - Top Progrades Amplitude map and nearby onshore legacy light oil fields Paleogeography…
Drilling Inventory Central Blocks Namibia Prospect B Drill-ready NE Aptian U.Cretaceous sands Wells adjacent to the Central Blocks Source Rock encountered excellent quality mature Maturity Seismic line Apto-Barremian source rock,…
Drilling Inventory Southern Blocks Namibia AO1 & AO2 Drill-ready and partnering process initiated Aptian source rock proven to be excellent quality in the Moosehead Aptian S1/S2 Depth Source Rock Structure well and modelled oil…
Additional Potential Central Blocks Namibia Lead 085b S N Initial screening of the fast-track processing over the 2,600km2 3D seismic acquired in 2016 shows high quality data with clearly evidenced turbidite depositional fairways,…
Appendices - Corporate Growth through Exploration 23 www.chariotoilandgas.com February 2017
Corporate snapshot Shareholders (30.06.16) Market Statistics Share Price (09 Sept 2016): 5.75p Market Statistics (09.09.16) Listing: AIM, London Ticker Symbol: CHAR No. of Shares in Issue (at 1 February 2016): 266,355,885…
The Management Team In house technical, operational and commercial skill set ; Track record of securing funding and delivering exploration success 35 years experience Chartered Accountant with over ten years of Track record of…
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,…
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…
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…
Countries MOROCCO: Why Morocco Highly prospective geology proven source, Atlantic Margins Explorer GDP: US104.9 billion ; Annual Growth: 1.8% Population: 33.6 million; Inflation: 1.8% proven reservoirs, major discoveries in the…
Chariot portfolio and our neighbours MOROCCO Chariots Portfolio transposed on to southern UK BRAZIL NAMIBIA Growth through Exploration 31 www.chariotoilandgas.com February 2017
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) Chariot Internal Estimate* Namibia: Morocco: All estimates based on the evaluation of 3D seismic data Growth through Exploration 33 www.chariotoilandgas.com…