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Growth through Exploration – Chariot Oil and Gas

Chariot Oil and Gas · Feb 28, 2014 · 48 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Growth through Exploration – Chariot Oil and Gas – slide 1
    Growth through Exploration February 2014 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com February 2014
  2. Growth through Exploration – Chariot Oil and Gas – slide 2
    Why Chariot The developed investment case post 2012 drilling Why Chariot Transformational, high impact exploration (400mmbbls+ prospects & leads) Diverse portfolio in hot basins Clear path to drilling Commitments fully funded…
  3. Growth through Exploration – Chariot Oil and Gas – slide 3
    Growth through Exploration Strategy Team Portfolio Triggers Funding Explore in new or Track record of accessing Giant potential, Sustainable business plan All contractual commitments emerging provinces quality acreage ahead of…
  4. Growth through Exploration – Chariot Oil and Gas – slide 4
    Focused Strategy GOAL: Create transformational stakeholder value through the discovery of material accumulations of hydrocarbons STRATEGY: Explore in new or emerging hydrocarbon provinces Take large operated equity positions…
  5. Growth through Exploration – Chariot Oil and Gas – slide 5
    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…
  6. Growth through Exploration – Chariot Oil and Gas – slide 6
    Experienced E&P Team Over 200 years of experience in exploration, development and production Over 40 discoveries, with 14 major discoveries Management team with a track record of securing funding and delivering exploration success…
  7. Growth through Exploration – Chariot Oil and Gas – slide 7
    High Quality Exploration Portfolio MOROCCO: Atlantic Margins Explorer MAURITANIA: Drill ready 2015* Drill ready 2Q, 2014* Emerging Established 1,300km2 3D in 2014 No remaining commitments Fast Follower in a Hot basin Fast…
  8. Growth through Exploration – Chariot Oil and Gas – slide 8
    Multiple Value Triggers MOROCCO: Atlantic Margins Explorer MAURITANIA: Industry: Industry: 10 NFW wells over the next 2 years 5 NFW wells over the next 2 years Chariot: Chariot Mauritania: Drill ready 2015 Drill ready 2Q,…
  9. Growth through Exploration – Chariot Oil and Gas – slide 9
    Commitments Fully Funded All contractual commitments fully funded and all planned work programme fully funded beyond 2014 Year-End 2013 cash 56.7m 2014 planned expenditure Morocco 3D (13)m Namibia 2D and other G&G (5)m…
  10. Growth through Exploration – Chariot Oil and Gas – slide 10
    High Quality Portfolio Theme: Exploration Portfolio Atlantic Margin Petroleum Systems Triassic Rifting Mesozoic Carbonate Platform KT clastic passive margin Late Jurassic 164Ma Early K Rifting Late K clastic passive…
  11. Growth through Exploration – Chariot Oil and Gas – slide 11
    High Quality Established, Emerging & Frontier Exploration Exploration Portfolio Our neighbours 79% Licensed 33% 3D coverage 37 exploration wells 1 well / 2500km2 68% Licensed 15% 3D coverage 28 exploration wells 1 well /…
  12. Growth through Exploration – Chariot Oil and Gas – slide 12
    High Quality Chariots position in Morocco Exploration Portfolio Ownership 2 blocks: Rabat Deep offshore and Loukos offshore Gas-condensate 75% (Operator); ONHYM 25% discovery Gas production Relinquishment of Casablanca/Safi…
  13. Growth through Exploration – Chariot Oil and Gas – slide 13
    Atlantic margin petroleum systems in Morocco Pliocene Biogenic gas play in the fore-deep to the Alpine fold-belt Jurassic carbonate reservoir charged from a Liassic source rock Neogene Turbidite sands - Biogenic Gas Play Early…
  14. Growth through Exploration – Chariot Oil and Gas – slide 14
    Morocco - Rabat Deep Offshore, Loukos Offshore Drill ready 2015 Jurassic, Cretaceous and Tertiary potential Loukos The onshore gas-producing Pliocene play extends in to the Loukos block Large, attribute-supported shallow-water…
  15. Growth through Exploration – Chariot Oil and Gas – slide 15
    Morocco Upcoming Industry Activity Drilling in 2014 (well locations ) LK sands mapped Oil & Gas in Rabat Deep production Jurassic carbonates Cairn Genel Lower Cretaceous fan sand GALP fairway 4 to 5 wells in 2014 Deep marine…
  16. Growth through Exploration – Chariot Oil and Gas – slide 16
    High Quality Chariots position in Mauritania Exploration Portfolio Ownership Block C-19 55% (Operator); Cairn 35%, SMH 10% Farm-out to Cairn based on 2D legacy seismic recovered Oil Shows C-19 US26m in back costs for 3D seismic…
  17. Growth through Exploration – Chariot Oil and Gas – slide 17
    Mauritania Block C-19 Drill ready 2014 Eocene fan Cretaceous, Palaeocene and Eocene potential C-19 55% Chariot 3,500 km2 proprietary 3D seismic data under 3,500km2 interpretation 3D Palaeocene upper slope fan Source rock…
  18. Growth through Exploration – Chariot Oil and Gas – slide 18
    Mauritania Upcoming 3rd Party Drilling Activity Drilling Tullow 2014 drilling Fregate (Turonian turbidite) Sidewinder (Cretaceous slope fan) Tapendar (Cretaceous strat trap) Ibis / IDA (Turbidite channels) Fregate Kosmos…
  19. Growth through Exploration – Chariot Oil and Gas – slide 19
    High Quality Chariots position in Namibia Exploration Portfolio Ownership: Reported Gas Northern Blocks: 100% (Operator) Discovery Central Blocks: 90% (Operator), AziNam 10% Southern Blocks 2714A: 25%, Pb 30% (Operator), BP 45%…
  20. Growth through Exploration – Chariot Oil and Gas – slide 20
    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…
  21. Growth through Exploration – Chariot Oil and Gas – slide 21
    Namibia Central Area Drill ready 2014 Lead 3 Prospect B Prospect 1 X 3D Prospects 2D Leads 90% Chariot W-E seismic showing all A 3 B plays Deep-water canyon-head, 3,500 km Shallower channel and fan plays C 3D…
  22. Growth through Exploration – Chariot Oil and Gas – slide 22
    Namibia Southern Area Kabeljou-1 Upper Cretaceous turbidite and A A Lower Cretaceous onlap potential 2714B 2714A 3,000 km 3D 2714A Proven, world-class source in the 25% Chariot Kabeljou-1 A shallower petroleum system is…
  23. Growth through Exploration – Chariot Oil and Gas – slide 23
    Namibia Northern Area Upper Cretaceous turbidite clastic and Lower A Cretaceous sub-salt, carbonate potential 1,500 km 3D A Tapir South dry well encountered excellent Upper Cretaceous deep-water turbidite sands Oil in fluid…
  24. Growth through Exploration – Chariot Oil and Gas – slide 24
    Namibia Chariot Activity Central Area: UK Turbidite play Flat Spot Flat Spot Southern Area: UK Turbidite play LK Onlap play Northern Area: Sub-salt carbonate play Growth through Exploration 25…
  25. Growth through Exploration – Chariot Oil and Gas – slide 25
    Namibia Chariot activity & Upcoming Industry activity Chariot activity Southern Block 2714B: 2,000km 2D seismic acquisition completed January Processing expected July for 4Q forward WP decision Central Blocks: Partnering…
  26. Growth through Exploration – Chariot Oil and Gas – slide 26
    High Quality Chariots position in Brazil Exploration Barreirinhas Basin Portfolio Ownership: 100% (Operator) BAR-M-292, 293, 313, 314 OGX OGX REMAINING COMMITMENTS: Petrobras 3D seismic across all blocks (800 km2 gross) BG…
  27. Growth through Exploration – Chariot Oil and Gas – slide 27
    Brazil & Ghana - Conjugate Atlantic Margin Plays Clastic Rift Clastic Passive Margin Growth through Exploration 28 www.chariotoilandgas.com February 2014
  28. Growth through Exploration – Chariot Oil and Gas – slide 28
    Brazil Barreirinhas - BAR-M-292, 293, 313, 314 Drill ready 2016 Tertiary and Upper Cretaceous turbidite potential On-block evidence for sufficient burial of the Cenomanian-Turonian source rock for hydrocarbon B generation;…
  29. Growth through Exploration – Chariot Oil and Gas – slide 29
    High Quality Exploration Portfolio MOROCCO: Atlantic Margins Explorer MAURITANIA: Drill ready 2015 Drill ready 2Q, 2014 Emerging Established 1,300km2 3D in 2014 No remaining commitments Fast Follower in a Hot basin Fast follower…
  30. Growth through Exploration – Chariot Oil and Gas – slide 30
    High Quality Portfolio Materiality Exploration Portfolio Prospect inventory has a range of technical Canyon B maturity, with Namibia Central drill-ready Higher Zamba Tapir N The developing Prospect Inventory in Chariots…
  31. Growth through Exploration – Chariot Oil and Gas – slide 31
    High Quality A balance of portfolio exploration maturity Exploration for long term sustainable growth Portfolio Contract Area Acquired Working Approximate Operator Ongoing 2D 3D Drill Ready Interest Licence Area Commitments (km2)…
  32. Growth through Exploration – Chariot Oil and Gas – slide 32
    Multiple Value Upcoming Triggers Triggers Licence 2014 1Q 2014 2Q 2014 3Q 2014 4Q 2015 1H 2015 2H Morocco Rabat Deep and Loukos Acquire 3D seismic Process and interpret 3D seismic Well partnering and potential drilling Third…
  33. Growth through Exploration – Chariot Oil and Gas – slide 33
    Growth through Exploration Strategy Team Portfolio Triggers Funding Explore in new or Track record of accessing Giant potential, Sustainable business plan All contractual commitments emerging provinces quality acreage ahead of…
  34. Growth through Exploration – Chariot Oil and Gas – slide 34
    Appendices Growth through Exploration 35 www.chariotoilandgas.com February 2014
  35. Growth through Exploration – Chariot Oil and Gas – slide 35
    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…
  36. Growth through Exploration – Chariot Oil and Gas – slide 36
    Corporate snapshot Share Price Performance (vs. AIM Oil & Gas) Market Statistics Market Statistics (31.01.2014) Listing: AIM, London 300 75.0 Price (GBp, rebased to Chariot) Ticker Symbol: CHAR 250 No. of Shares in Issue:…
  37. Growth through Exploration – Chariot Oil and Gas – slide 37
    People Sunrise in Damaraland, Namibia Growth through Exploration 38 www.chariotoilandgas.com February 2014
  38. Growth through Exploration – Chariot Oil and Gas – slide 38
    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…
  39. Growth through Exploration – Chariot Oil and Gas – slide 39
    Other board members 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 Expertise in the exploration and development…
  40. Growth through Exploration – Chariot Oil and Gas – slide 40
    Investment climate and licence terms Growth through Exploration 41 www.chariotoilandgas.com February 2014
  41. Growth through Exploration – Chariot Oil and Gas – slide 41
    Investment climate Namibia GDP: US12.5 billion (2012 estimate) Annual Growth: 4.6% (2012 estimate) Population: 2.2 million (July 2013 estimate) Inflation: 5.8% (2012 estimate) Major Industries: Mineral production, game and…
  42. Growth through Exploration – Chariot Oil and Gas – slide 42
    Licence details & fiscal terms Namibia Licence Area Asset Licence Operator Interest% Status Phase Km2 (gross) Block 1811A&B 14 Enigma 100 Exploration 5,867 Block 2312A&B 19 Enigma 90 Exploration 16,801 N/2 of Block 2412 A&B…
  43. Growth through Exploration – Chariot Oil and Gas – slide 43
    Investment climate Mauritania GDP: US4 billion (2012 estimate) Annual Growth: 5.3% (2012 estimate) Population: 3.4 million (July 2013 estimate) Inflation: 8.9% (2006 estimate) Major Industries: iron ore, fish and fish products…
  44. Growth through Exploration – Chariot Oil and Gas – slide 44
    Licence details & fiscal terms Mauritania Asset Licence Operator Interest Status Licence Area Km2 % Phase Block C-19 Chariot Oil & 55% Exploration 12,175 C19 Gas Investments, Mauritania Summary of licence period terms:…
  45. Growth through Exploration – Chariot Oil and Gas – slide 45
    Investment climate Morocco GDP: US97.17 billion (2012 estimate) Annual Growth: 3.2% (2012 estimate) Population: 32.3 million (July 2012 estimate) Inflation: 1.4% (2012 estimate) Major Industries: Agriculture, phosphate rock…
  46. Growth through Exploration – Chariot Oil and Gas – slide 46
    Licence details & fiscal terms Morocco Asset Licence Operator Interest% Status Phase Licence Area Km2 Loukos Loukos Chariot Oil & Gas 75% Exploration* 1,925 Investments, Morocco Rabat Deep Rabat Deep Chariot Oil & Gas 75%…
  47. Growth through Exploration – Chariot Oil and Gas – slide 47
    Investment Climate Brazil GDP: US2.42 trillion (2012 est.) Annual Growth: 1.3% (2012 est.) Population: 201 million (July 2013 est.) Inflation: 5.5% (2012 est.) Major Industries: textiles, chemicals, iron ore, tin, steel,…
  48. Growth through Exploration – Chariot Oil and Gas – slide 48
    Licence details Brazil Asset Licence Operator Interest% Status Phase Licence Area Km2 292 292 Chariot Oil & Gas Limited 100% Exploration 192 293 293 Chariot Oil & Gas Limited 100% Exploration 192 313 313 Chariot Oil & Gas…

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