Transformational Growth Through Exploration Oil Capital Conference 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 YE 2016: Reduction in Annual Cash Overhead (m) 2013 to date: 68.3m End 2012 Cash Investment in the portfolio 38.5m 25m YE 2016 Cash Farm-in…
Near-term triggers 2H 1H 2H 1H 2H Country Licence 2017 2018 2018 2019 2019 MOROCCO Rabat Deep RD-1 Zero Cost JP-1 Carried well 10% 768mmbbls*** NAMIBIA Central Blocks Drilling Prep Drilling* Drilling** Option acreage 2312 &…
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.…
Q&A Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction 16 September 2017
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