Final Results YE 31 December 2018 C HARIOT OIL & GAS Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction High Impact Atlantic Margins Oil and Gas Company April 2019 1
2018 and Post-Period Highlights C HARIOT OIL & GAS Delivery of Drilling Programme at Optimum Point of Cost Cycle: Saipem 12000 Achieved Zero Cost Drilling: Rabat Deep 1, Morocco - Dry: Successful partnering RSD-1 meant drilling…
2018 and Post Period Highlights C HARIOT Significant technical developments OIL & GAS Morocco New venture licence secured: Lixus Offshore capturing the Anchois-1 gas discovery, with 5 low risk tie-back prospects and 5 low risk…
C HARIOT Audited Results Year Ended 31 December 2018 OIL & GAS Year to 31 December Year to 31 December 2018 2017 Audited Audited USm USm Capital discipline 2018 year end cash of US19.8m (2017: US15.2m). Income Statement…
Capital discipline and allocation of funds C HARIOT OIL & GAS Prudent financial management of funds 2013 to 2018: Management of Annual Cash Overhead (m) 2013 to date: 68.3m End 2012 Cash End 2012 Cash Investment in the…
Anchois - Material, High Value Gas Appraisal Project C HARIOT OIL & GAS Anchois Discovery Well Key Facts: Gas Sand A Anchois-1 gas discovery in 388 m WD, 40km from coastline 2C Resource of 307 Bcf* in Gas Sand A and Gas Sand B…
Lixus - Additional on-block running room C HARIOT OIL & GAS Key Facts: All on-block discoveries exhibit AVO anomalies, all dry wells have no anomalies AVO conditioned products only currently available over the 2006 3D seismic…
Strong value generation from Anchois & Satellites C HARIOT OIL & GAS Anchois Phase I potential development Phase I 423 Bcf 90 mmscf/d (2C + 2U)* Excellent quality reservoirs expected to 2C + 2U (A, B & C sand) deliver high rate…
Growing Moroccan Gas Market C HARIOT OIL & GAS Pipelines Power plants Moroccan Power generation is Coal MEG Export 1.2 Bcf/d principally from imported coal, fuel Planned Fuel Oil pipelines oil and gas1 Tahaddart CCGT (400MW)…
Multiple Value Triggers C HARIOT OIL & GAS 2H 1H 2H 1H 2H Country Licence 2019 2020 2020 2021 2021 Mohammedia Drilling* Well Partnering 75% MOH-B 637mmbbls*** Lixus Drilling* Drilling** MOROCCO Seismic 75% reprocessing…
High Impact Atlantic Margins Oil & Gas Company C HARIOT OIL & GAS Balanced portfolio with giant potential Strong Balance Material, Sheet through high-value Capital gas appraisal Discipline project Growing Experienced &…