Transformational Growth Through Exploration September 2017 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction 1 September 2017 www.chariotoilandgas.com
Chariot Transformational growth through exploration Why invest in Chariot: Transformational impact in the success case of the fully-funded RD-1 well in Morocco. Material upside in the adjoining Chariot acreage in the success case.…
Risk Management 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…
Capital discipline Prudent financial management of funds 2013 to 1H 2017: Reduction in Annual Cash Overhead (m) 2013 to date: 68.3m End 2012 Cash Investment in the portfolio 41.5m 21.7m 1H 2017 Farm-in recoveries…
Near-term triggers 2H 1H 2H 1H 2H Country Licence 2017 2018 2018 2019 2019 Rabat Deep Saipem 12000 MOROCCO RD-1 Zero Cost JP-1 Carried well 10% 768mmbbls*** NAMIBIA Central Blocks Drilling Prep Drilling* Drilling** Option…
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 Gas-condensate Gas Rabat Deep 10%; Eni (Op.) 40%; Woodside 25%; ONHYM 25% discovery production Mohammedia 75% (Op.); ONHYM 25% Kenitra 75% (Op.); ONHYM 25% RD-1 to spud early 2018 Repsol JP-1 Recent…
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 Summary Ownership Gas discovery Central Blocks: 65% (Op.); AziNam 20%; NAMCOR 10%; BEE 5% Southern Blocks: Option to back-in post drilling for 10% equity at no cost Oil Excellent reservoir Recent Chariot Activity shows…
Namibia Portfolio Wells adjacent to Chariot acreage encountered excellent quality source rocks. Light oil (41o API) recovered adjacent to Central Blocks. Excellent quality Upper Cretaceous turbidite reservoir rocks encountered…
Brazil Summary Guajuru Prospect Petrobras 1 well 3,000 km2 3D seismic 131 M signature bonus PTTEP & Mitsui farm ins 8 wells Ownership 5,000 km2 3D seismic BAR-M-292, 293, 313, 314; 100% (Operator). Shell 178 M signature…
Brazil Portfolio Only 3 deepwater wells drilled in the basin. Presence of excellent Tertiary and Cretaceous turbidite reservoirs. Presence of Cenomanian-Turonian source rocks demonstrated in shallow-water wells drilled in-board of…
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…
Outlook and Objectives Strategy underpinned by: Diverse portfolio and a drill-ready inventory with transformational potential. Core focus on risk management - partnering and technical development to optimise drilling outcomes.…
Appendices Drilling Inventory 16 September 2017
Drilling Inventory Morocco RD-1 (drilling the JP-1 prospect) Drill-ready and funded for drilling in Q1 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 Prospects S & W Drill-ready Wells adjacent to the Central Blocks NE Prospect S Prospect W encountered excellent quality mature Apto-Barremian source rock, modelled Dimming above spill to…
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,…
Appendices - Corporate 21 September 2017
Corporate snapshot Shareholders (31.03.17) Market Statistics Share Price (31 May 2017): 14.50p Market Statistics (31.05.17) Listing: AIM, London Ticker Symbol: CHAR No. of Shares in Issue (at 31 May 2017): 268,522,457 Share…
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 a…
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 Major…
Chariot portfolio and our neighbours MOROCCO Chariots Portfolio transposed on to southern UK BRAZIL NAMIBIA 29 September 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* Morocco: Namibia: All estimates based on the evaluation of 3D seismic data 31 September 2017
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