Transformational Growth Through Exploration Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction 1 January 2019 www.chariotoilandgas.com
Chariot Transformational growth through exploration Chariot USP: High impact Atlantic Margins explorer: Assets in Morocco, Brazil and Namibia Morocco Portfolio of a Major in scale Drill-ready Inventory Prospective resources…
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 2018*: Reduction in Annual Cash Overhead (m) 2013 to date: 68.3m End 2012 Cash Investment in the portfolio 41.5m 19m* 2018 Farm-in recoveries YE…
Outlook and Objectives Strategy underpinned by: Diverse portfolio and a drill-ready inventory with transformational Morocco potential. Core focus on risk management application of technology, technical development and partnering…
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: Mohammedia 75% (Op.); ONHYM 25%. Gas-condensate discovery Kenitra 75% (Op.); ONHYM 25%. Gas production Recent Chariot Activity: Zero-cost in the Rabat Deep 1 (RSD-1) dry well Repsol MOH-B having…
Morocco Portfolio NW RSD-1 SE Line 1 Seabed Pock marks LBS-1 NE with geochemical anomalies Pliocene Neogene MCU Cretaceous KEN-A MOH-C MOH-A MOH-A upside Upper Jurassic Nappe Lower - Middle Jurassic K Basement…
Brazil Summary 2000 m WD Jubilee Field 1 well Brazil Barreirinhas Basin Multiclient 3D Seismic 400 m WD 1 well 14,500 km2 Ownership: 6 wells BAR-M-292, 293, 313, 314; 100% (Operator). Chariot 3D seismic 775km2 1…
Opportunity in Brazil Selected Targets SW NE Shell 1 well R TP-1 TP-2 R All petroleum play elements proven by nearby drilling. R Shallow water wells in the TP-3 basin have encountered excellent quality,…
Namibia Summary Ownership: PEL 71 Central Blocks: 65% (Op.); Azinam 20%; NAMCOR 10%; BEE 5%. PEL 67 & 72 Southern Blocks: Post-drilling 10% back-in option at no cost. Good reservoir Recent Chariot Activity: 2 source 41 API Oil…
Namibia Portfolio Prospect S DRY R B S V U R R R R R R Inboard kitchen Primary Source Secondary Source R Primary Reservoir R Secondary Reservoir Prospect S encountered water bearing turbidite reservoir sands.…
Appendices - Corporate 14 January 2019
Corporate snapshot Key Shareholders Market Statistics Shareholders* % Listing AIM, London Total Board & Senior Management 8.2 Ticker Symbol CHAR Including Westward Investments Limited (A Pouroulis - 7.8 Issued Shares (at 31…
The Management Team Over 35 years experience Chartered Accountant with over 10 years of Track record of building E&P businesses experience in the oil and gas sector. Developed exploration programmes that led to major Previously with…
The Non-Executive Team George Canjar, Non-Executive Chairman Over 35 years with Shell, Carrizo Oil & Gas and Davis Petroleum supervising exploration & seismic operations; deep offshore W. Africa and the Gulf of Mexico. Specific…
Team 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…
Progress to date Acquired BAR-M- Acquired Mohammedia Re-award Central blocks Acquired Mohammedia & Kenitra Option Southern 292,293,313,314 Brazil Recon Morocco Namibia Morocco Blocks, Namibia Relinquished Casablanca Relinquished…
Countries MOROCCO: Chariot Morocco: GDP: US103.6 billion ; Annual Growth: 1.2% Atlantic Margins Explorer Population: 33.9 million; Inflation: 1.8% Major Industries: automotive parts; phosphate mining and Tax & Royalty: processing;…
Chariot portfolio and our neighbours MOROCCO Chariots acreage holdings transposed on to southern UK BRAZIL NAMIBIA 21 January 2019
Portfolio maturity 22 January 2019
Prospect Inventory Netherland Sewell and Associates Inc. (NSAI) Morocco: Namibia: Brazil: All Prospective Resource (PR) estimates are gross and based on the evaluation of 3D seismic data 23 January 2019
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