Chariot fit for purpose and on track to deliver material returns Corporate strategy updated to fit with evolving market dynamics: Risk appetite of investors and the industry has evolved: Exploration in frontier regions has fallen out…
Anchois Gas Field Material, High Value Gas Project Chariot Lixus Anchois-1 Larache Maquereau N Chariot Licence Maquereau C Lixus 3D 1400 km2 M21 station Lixus Moh / Ken 3D 2700 km2 NW Maquereau S Anchois N GME…
Anchois Gas Field Development technically feasible Subsea-to-shore concept validated by external advisors Development possible with existing conventional technology: Subsea wells 2 wells in base case tied into a subsea manifold 40 km…
Growing Moroccan Energy Market with attractive gas prices Pipelines Power plants Moroccan energy demand is Coal GME Export 1200 mmscf/d forecast to double between 2015 Planned pipelines Fuel Oil and 2030 Tahaddart CCGT (400MW)…
Lixus timeline to date and target forward project plan Work completed to date: ASSESS Since Lixus licence award late May, 2019 we have completed: 3 CPRs (NSAI) describing the Anchois Discovery, the Anchois Satellites and the Additional…
Outlook and Objectives Focused on generating returns for shareholders: Work programme designed to address feedback received from partnering process: Reduce range on cost of development and better define Moroccos gas market: Pre-Feed…
Appendices 9 Roman Archaeological Site, Lixus, Morocco
Anchois Field Development Analogues Corrib, NW Ireland Cassiopea-Argo, Sicily Channel Vermilion Operated, 600 bcf, 350m WD, 80km offshore ENI Operated, 600bcf, 5-600m WD, 60km flowline, 5 wells Shell development, first gas 2015, CPF…
Additional on-block running room Key Facts: All on-block discoveries exhibit AVO anomalies, all dry wells have no anomalies Anchois total remaining recoverable resource in Gas Sands A, B and C: 423 Bcf* Additional 2U PR upside…
Lixus Anchois Satellites Anchois Anchois W Anchois N B Sand Top Reservoir Amplitude Anchois N NE Anchois Anchois W Anchois WSW 89* Bcf 308* Bcf Anchois WSW Anchois SW +ve Amplitude -ve Anchois SW Anchois S 2 km 61* Bcf…
Lixus Additional Prospects Maquereau North 311* Bcf Maquereau Central 267* Bcf Maquereau South 205* Bcf Turbot 281* Bcf Tombe 154* Bcf 13 * Netherland Sewell and Associates Inc. (NSAI) estimate of 2U…
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…
Namibia Portfolio Prospect S DRY R B S V U R R R R R R Inboard kitchen Prospect S encountered Primary Source Secondary Source R Primary Reservoir R Secondary Reservoir water bearing turbidite reservoir sands…
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…
Brazil Portfolio SW NE Shell 1 well R TP-1 TP-2 R All petroleum play elements R proven by nearby drilling TP-3 Shallow water wells in the basin have encountered excellent quality, oil-prone source rocks…
Appendices - Corporate 18 April 2020
Corporate Snapshot Key Shareholders Market Statistics Shareholders* % Total Board & Senior Management 8.4 Listing AIM, London Including Westward Investments Limited (A Pouroulis - 7.8 Ticker Symbol CHAR Director & Founder)…
Board of Directors Larry Bottomley George Canjar Adonis Pouroulis Robert Sinclair Chris Zeal Andrew Hockey Chief Executive Non-Executive Non-Executive Non-Executive Non-Executive Non-Executive Officer Chairman Director Director…
Capital discipline and efficient project management Reduction in Annual Cash Overhead (USm) Operated best in basin well Prospect S WINGAT KABELJOU RABAT DEEP TAPIR SOUTH MUROMBE CORMORANT PROSPECT S YE 2019 cash…
Portfolio Maturity Contract Area Acquired Working Approximate Operator Ongoing Seismic interest licence area commitments database (km2) Morocco Offshore Lixus 2019 75% 2,390 Chariot Seismic 950km 2D reprocessing 1,425km2 3D…
Prospect Inventory Netherland Sewell and Associates Inc. (NSAI) Morocco: Morocco: Brazil: Namibia: All Contingent Resource (CR) and Prospective Resource (PR) estimates are gross and based on the evaluation of 3D seismic data…
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