Interims Presentation High Impact Atlantic Margins Oil and Gas Company September 2019
Interim Highlights (1): Low Risk Production Opportunity Secured: Award of near-term development opportunity, Lixus Offshore Licence, Morocco: Anchois-1 well gas discovery and satellites offer near-term development opportunity. Material…
Interim Highlights (2): Ongoing Giant Potential Portfolio Progression: Morocco: Data room open on the clastic prospects and leads with MOH-B (gross mean prospective resource of 637mmbbls) and KEN-A (gross mean prospective resource of…
Interim Highlights (3): Cash Position: Unaudited cash balance as at 30 June 2019 of US12.1 million. No debt and all work commitments, which are less than US1.0 million, fully funded. Outlook: Secure partners to participate in the…
Interim Financial Results for the 6 months to 30 June 2019 6 months to 30 June 2019 6 months to 30 June 2018 Year to 31 December 2018 Unaudited Unaudited Audited USm USm USm Income Statement Extract G&A (1.5) (1.5) (3.4)…
Morocco Summary Ownership: Chariot Lixus 75% (Op.); ONHYM 25% Anchois-1 Gas Kenitra 75% (Op.); ONHYM 25% production Mohammedia 75% (Op.); ONHYM 25% Lixus MOH-B Recent Chariot Activity: RSD-1 Zero-cost in the Rabat Deep 1…
Anchois Material, High Value Gas Appraisal Project Anchois Discovery Well Key Facts: Anchois-1 gas discovery in 388 m WD, 40km from coastline 2C Resource of 307 Bcf* in Gas Sand A and Gas Sand B Gas Sand A Prospective Resource of…
Additional on-block running room 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 surveys Anchois & satellites are…
Brazil Summary 2000 m WD Jubilee Field 1 well Barreirinhas Basin Brazil Multiclient 3D Seismic 14,500 km2 400 m WD 1 well Ownership: 6 wells Chariot BAR-M-292, 293, 313, 314; 100% (Operator) 3D seismic 775km2 1 well…
Namibia Summary Ownership: PEL 71 Central Blocks: 65% (Op.); Azinam 20%; NAMCOR 10%; BEE 5% Good reservoir PEL 67 & 72 Southern Blocks: Post-drilling 10% back-in option at no cost 2 source rocks Recent Chariot Activity: 41 API…
Summary Balanced exploration Exploration assets in Morocco, Brazil and Namibia portfolio with Transformational Resources in a prospect inventory with balanced risk & reward giant potential Low risk exploration and appraisal assets in…
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