Growth through Exploration June 2014 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com June 2014
Growth through Exploration Focused Strategy Commitments Experienced Fully Funded E&P Team WHY CHARIOT High Quality Multiple Value Exploration Triggers Portfolio Growth through Exploration 3…
Why Chariot Chariot investment case High Quality, High Potential, Large Scale Opportunities Morocco Prospective resources Exposure to 8 operated* licences Morocco, Mauritania, Namibia 568mmbbls+ 517 bcf and Brazil, chasing 2 bn+…
Focused Create transformational stakeholder value Strategy through the discovery of material hydrocarbon accumulations Access Deliver De-risk Access De-Risk Deliver New Exploration Opportunities Risk Management Execute the…
Our Progress in 2013 / H1 2014 Delivering on our Strategy Morocco: Namibia: 11,000km of legacy 2D reprocessed and interpreted giant Renewal of Southern Block 2714B prospect identified Completed 2,128km 2D seismic survey over 2714B…
Growth through Exploration Focused Strategy Commitments Experienced Fully Funded E&P Team WHY CHARIOT High Quality Multiple Value Exploration Triggers Portfolio Growth through Exploration 7…
Experienced Track record of discovering E&P Team material hydrocarbon accumulations Over 200 years of experience in exploration, development and production Participated in the evaluation, access and interpretation leading to the…
Experienced team Over 200 years collective experience Larry Bottomley Matthew Taylor Mark Reid Duncan Wallace Julia Kemper CEO and BOD member Exploration Director CFO and BOD member Exploration Manager Principal Geophysicist and…
An Overview of the Company 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…
Growth through Exploration Focused Strategy Commitments Experienced Fully Funded E&P Team WHY CHARIOT High Quality Multiple Value Exploration Triggers Portfolio Growth through Exploration 11…
High Quality Portfolio Theme Exploration Atlantic Margin Petroleum systems Portfolio Exploiting over 200 years of expertise Nova Scotia Morocco / Mauritania Late Jurassic Reserve 4TCF and associated liquids Panuke Deep…
High Quality High quality exploration portfolio with Exploration Portfolio a range of risk and maturity MOROCCO: MAURITANIA: Industry: Atlantic Margins Explorer Industry: 10 NFW wells over the next 2 years 5 NFW wells over the next…
High Quality Portfolio Materiality Exploration Transformational opportunities Portfolio with giant follow on potential Prospect inventory has a range of Higher technical maturity, with Namibia drill- ready* * The developing…
High Quality Morocco Exploration Drill ready 2015* Portfolio Fast Follower in Hot Basin Ownership Rabat Deep, Loukos & Mohammedia 75% (Operator); ONHYM 25% Farm-outs to bring in seismic and drilling partners for 2 wells* in…
High Quality Chariots position in Morocco Exploration Chariot portfolio in the fairways with third party drilling Portfolio Pliocene Fairway Pliocene Lead 1 Wells to be drilled by third parties in the next year Large, attribute-…
High Quality Mauritania Exploration Drill Ready 2014* Portfolio Fast follower with zero cost option in a proven basin Chariot acreage Ownership Block C-19 55% (Operator); Cairn 35%, SMH 10% 3D seismic C-19 Oil Shows Seismic…
High Quality Chariots position in Mauritania Exploration Proven petroleum system with near-term third party Portfolio activity Neogene fan 2 wells in the block with significant oil shows 4 nearby discoveries in Cretaceous…
High Quality Namibia Exploration Drill Ready 2014* Portfolio Underexplored frontier province with giant potential Ownership: Gas discovery Northern Blocks: 100% (Operator) Excellent reservoir Central Blocks: 90% (Operator),…
Namibia Kudu Proven Petroleum play - Basin Architecture Systems Petroleum Systems Low Conductivity High Conductivity W E Cenomanian Turonian SHALLOWER PETROLEUM SYSTEM Aptian Neocomian Barremian DEEPER PETROLEUM SYSTEM…
Source Rock Maturation Temperature Profiles, Conductivity & Heat Flow Heatflow Well temperature Profiles 2D BasinMod GAS OIL WINDOW WINDOW Growth through Exploration 21 www.chariotoilandgas.com June 2014
Namibia Petroleum Systems Sweet Spot Seal Presence Reservoir Presence Source Maturity Source Presence 20km Growth through Exploration 22 www.chariotoilandgas.com June 2014
High Quality Chariots position in Namibia Exploration Frontier province with all the components of working Portfolio petroleum systems confirmed 14 exploration wells drilled Sub-salt offshore Namibia Carbonate play 7 wells…
High Quality Brazil Barreirinhas Basin Exploration Drill Ready 2016* Portfolio Fast follower with a low cost seismic option Ownership: BAR-M-292, 293, 313, 314 OGX 100% (Operator) OGX Chariot Confirmed Activity in 2014…
High Quality Brazil & Ghana - Conjugate Atlantic Margin Plays Exploration Clastic Rift Clastic Passive Margin Portfolio Jubilee discovery (Kosmos/Tullow) Barreirinhas Basin Growth through Exploration 25…
High Quality Brazil Barreirinhas Basin Exploration Fast follower with a low cost seismic option Portfolio Tertiary and Upper Cretaceous turbidite potential On-block evidence for sufficient burial of the Cenomanian-Turonian…
High Quality Potential of Chariot's portfolio Exploration Regional prospectivity material to high quality Portfolio neighbours MAURITANIA MOROCCO 300000 250000 200000 Market Cap (USm) 150000 100000 BRAZIL 50000…
Growth through Exploration Focused Strategy Commitments Experienced Fully Funded E&P Team WHY CHARIOT High Quality Multiple Value Exploration Triggers Portfolio Growth through Exploration 28…
High Quality Portfolio Maturity Exploration Portfolio Executing the programme Working Approximate Ongoing Drill Ready Contract Area Acquired Licence Area Operator Commitments 2D 3D Interest (subject to Partnering) (km2) Namibia…
Multiple Value Upcoming Triggers Triggers A pipeline of drilling opportunities for long term sustainable growth Licence 2014 3Q 2014 4Q 2015 1Q 2015 2Q 2015 2H 2016 Morocco Rabat Deep Loukos Process and Interpret 1,700km2 3D Well…
Growth through Exploration Focused Strategy Commitments Experienced Fully Funded E&P Team WHY CHARIOT High Quality Multiple Value Exploration Triggers Portfolio Growth through Exploration 31…
Commitments Work programme and commitments Fully Funded fully funded 31 December 2012 cash 68.3m 2013 Expenditure: Exploration expenditure (37.6)m Mauritania farm out proceeds 26.0m (37.6)m (11.6)m 31 December 2013 cash 56.7m…
Create transformational stakeholder value through the discovery of material accumulations of hydrocarbons Focused Experienced Quality Multiple Commitments Strategy Team Portfolio Triggers Fully Funded Explore in new or emerging…
Appendices Sunrise at Etosha, Namibia Growth through Exploration 34 www.chariotoilandgas.com June 2014
Corporate snapshot Shareholders Market Statistics Market Statistics (01.05.2014) Listing: AIM, London Ticker Symbol: CHAR 22% No. of Shares in Issue: 202,174,664 Director and related 11% Share Options 4,000,000 54%…
Achievements to date Since listing Chariot has developed a balanced portfolio, demonstrating its ability to identify high potential, early entry regions, secure key industry partners and funding in order to mature its assets and…
Focused Position portfolio from Strategy Play Opener to Fast Follower Lifecycle of the value drivers and risks in a typical basin Fast Play Openers Gatherers Niche Followers Cumulative reserve Access cost Value potential…
Chariots Portfolio transposed to the GoM 200km MOROCCO MAURITANIA BRAZIL NAMIBIA Growth through Exploration 38 www.chariotoilandgas.com June 2014
Namibian Exploration Maturity The Namibian Atlantic margin is comparable in area to: The UKCS North Sea; the Santos,Campos, and Espirito Santo basins of Brazil; and the GoM The Central blocks region is comparable in area to: The…
Investment climate and licence terms Sossusvlei, Namibia Growth through Exploration 40 www.chariotoilandgas.com June 2014
High Quality Established, Emerging & Frontier Exploration Exploration Portfolio Our Portfolio Countries WHY MOROCCO WHY MAURITANIA Atlantic Margins Explorer Underexplored with a number of high Focus of renewed exploration by…
High Quality Established, Emerging & Frontier Exploration Exploration Portfolio Our Countries MOROCCO: MAURITANIA: GDP: US104.8 billion Atlantic Margins Explorer GDP: US4.1 billion Annual Growth: 5.1% Annual Growth: 6.4%…
Multiple Value Very Competitive Commercial Terms Triggers Our Portfolio Countries Indicative Contractor Share* MOROCCO: 100% 50% 0 MAURITANIA: Morocco Chariot Morocco: Chariot Mauritania: Guinea Tax & Royalty: PSC with Tax: 30%…
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