Transformational Growth Through Exploration Proactive Investors Presentation March 2017 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com March 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 Apply appropriate risk reduction technologies emerging basins Levered partnering at investment phases Take operated position in the early phases…
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,…
Scale of the Chariot portfolio and our neighbours BRAZIL Chariots Portfolio transposed on to southern UK MOROCCO NAMIBIA Growth through Exploration 6 www.chariotoilandgas.com March 2017
Morocco Summary Ownership Rabat Deep 10%; Eni (Op.) 40%; Gas-condensate Woodside 25%; discovery ONHYM 25% Gas production Mohammedia 75% (Op.); Jurassic prospect ONHYM 25% RD-1 to spud early 2018 Kenitra 75% (Op.); LKP-1A…
Morocco Portfolio Rabat Deep Prospectivity: JP-1 768mmbbls* is a 4-way dip closed 200km2 structure in 1100m WD in the Jurassic carbonate play Additional 6 Jurassic leads ranging from 208 to 1041mmbbls* Mohammedia…
Namibia Summary Central Blocks Wingat-1 Prospects B & D PROSPECT S Murombe-1 are strat traps of 469mmbbls and 416mmbls** respectively Prospects S, T, U, V, and W are all 2016 3D 4-way, dip-closed B structures V T PROSPECT…
Namibia Summary Southern Blocks Prospect AO1 extends over 420km2 and has a gross mean prospective resource estimated in excess of 8.1Tcf* and lies in 400m of water Prospect AO2 extends over 150km2 with a gross mean prospective…
Brazil Summary BAR-M-292, 293, 313, 314 Ownership Petrobras Chariot 100% (Operator) Chariot Planned Activity in 2017 / 2018 Evaluate proprietary 775km2 3D seismic acquired in 2016 Shell Shell Partnering process for drilling…
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…
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…
Capital discipline and allocation of funds Prudent financial management of funds 2013 to date: Cash position: 68.3m YE 2016 cash 25.0m Cash in excess of licence commitments Remaining commitment Moroccan seismic 5m End 2012…
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…