Growth through Exploration July 2014 Morocco Mauritania Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com July 2014
Growth through Exploration Strategy Larry Bottomley Funding Portfolio CEO and BOD member WHY CHARIOT Mark Reid CFO and BOD member Triggers Team Julia Webb Corporate Communications Growth through…
Chariot investment case Why Chariot High impact explorer with a large scale portfolio PORTFOLIO Morocco High Quality, High Potential, Large Scale Opportunities Prospective resources 618mmbbls+ Exposure to 8 operated* licences 460…
Portfolio High quality, giant potential exploration portfolio with a range of risk and maturity MOROCCO: MAURITANIA: Industry: Atlantic Margins Explorer Industry: 10 NFW wells offshore over the next 2 2-3 NFW wells over the next 2…
Work Programme and Upcoming Triggers Triggers A pipeline of drilling opportunities for long term sustainable growth using levered partnerships 3Q 4Q 1H 2H 1H 2H 1H 2H Country Licence 2014 2014 2015 2015 2016 2016 2017 2017 Rabat…
Team The Executive Team Larry Bottomley Matthew Taylor Mark Reid CEO and BOD member Technical Director and BOD member CFO and BOD member 30 years experience 30 years experience 20 years experience Has a significant track record…
Track record of discovering Team material hydrocarbon accumulations Over 200 years of experience in exploration, development and production Participated in the evaluation, access and interpretation leading to the discovery of over…
Funding 2014 work programme and commitments fully funded Areas of Capital focus 2014 31 December 2012 cash 68.3m 2013 expenditure: Expenditure (38.0)m Namibia Mauritania farm-out proceeds 26.4m 5m (11.6)m 31 December 2013 cash…
Use of Proceeds Funding Accelerate and continue development of the portfolio to maintain strategic advantage and mature assets for drilling - US15m Brazil seismic survey gross cost (US7.5m net post current f/o): US7.5m…
Roadshow and Placing Timetable Event Date London Roadshow commences July 10th Announcement of placing July 21st Completion of placing (subject to July 22nd shareholder approval) General Meeting to Approve Share Issue August…
Corporate snapshot Shareholders Market Statistics Share Price (30 June 2014): 18.75p Market Statistics (30.05.2014) Listing: AIM, London Ticker Symbol: CHAR 22% No. of Shares in Issue: 202,174,664 Director and related Share…
Portfolio Theme Portfolio Atlantic margin petroleum systems Conjugate margin analogy with giant potential Nova Scotia Morocco / Mauritania Late Jurassic Reserve 4TCF and associated liquids Panuke Deep (Encana) Sable…
Portfolio Potential of Chariot's Portfolio Regional prospectivity material to high quality neighbours MOROCCO MAURITANIA BRAZIL NAMIBIA Chariots Portfolio transposed to the GoM Growth through Exploration 15…
Morocco Portfolio Drill ready 2015* Fast follower with a zero cost option in a Hot Basin chasing proven plays Ownership Rabat Deep 50% (Op.); Woodside 25%; Gas production ONHYM 25% Gas-condensate discovery Loukos & Mohammedia 75%…
Portfolio Chariots position in Morocco Chariot portfolio in the fairways with third party drilling Mio-Pliocene Fairway Pliocene Lead 1 Wells to be drilled by third parties in the next year Pliocene fairway Large, attribute- 2…
Mauritania Portfolio Drill Ready 2014* Fast follower with a zero cost option in a proven basin chasing proven plays Chariot acreage Ownership Block C-19 55% (Operator); Cairn 35%, SMH 10% 3D seismic C-19 Oil Shows Seismic…
Portfolio Chariots position in Mauritania Proven petroleum system with near term third party activity Neogene fan 2 wells in the C-19 block with significant oil shows 4 nearby discoveries in Neogene Cretaceous fairway: fairway…
Brazil Barreirinhas Basin Portfolio Drill Ready 2016* Fast follower with a low cost seismic option Ownership: BAR-M-292, 293, 313, 314 OGX Guajuru Prospect 100% (Operator) to spud Q4 2014 OGX Seismic farm-out negotiations…
Chariots position in Brazil Portfolio Fast follower with a low cost seismic option Only 3 deepwater wells drilled in the basin Presence of excellent Tertiary and Cretaceous turbidite reservoirs Evidence for sufficient burial of…
Namibia Portfolio Drill Ready 2014* Option value in an underexplored frontier province with giant potential Ownership: Gas discovery Northern Blocks: 100% (Operator) Central Blocks: 90% (Operator), AziNam 10% Excellent reservoir…
Chariots position in Namibia Portfolio Frontier province with all the components of working petroleum systems confirmed Northern Blocks Sub-salt 15 exploration wells drilled Carbonate play offshore Namibia 8 wells drilled in…
Work Programme and Upcoming Triggers Triggers A pipeline of drilling opportunities for long term sustainable growth using levered partnerships 3Q 4Q 1H 2H 1H 2H 1H 2H Country Licence 2014 2014 2015 2015 2016 2016 2017 2017 Rabat…
Why Chariot Key Messages Strategically positioned high impact explorer with large scale portfolio - Attractive entry point for exposure to giant opportunities with transformational potential - Atlantic margin focus with a range…
Appendices Growth through Exploration 26 www.chariotoilandgas.com July 2014
Team 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 expertise in deal…
Experienced team Team Over 200 years collective experience Larry Bottomley Matthew Taylor Mark Reid Duncan Wallace Julia Kemper CEO and BOD member Technical Director and CFO and BOD member Exploration Manager Principal…
Achievements to date Chariot was founded in 2008 with an IPO on AIM raising US90m with a purely Namibia focused portfolio Since 2011 Chariot has developed a balanced portfolio, demonstrating its ability to identify and access high…
Chariots Portfolio transposed to Brazil, the GoM and the UKCS North Sea MOROCCO MAURITANIA BRAZIL NAMIBIA Growth through Exploration 30 www.chariotoilandgas.com July 2014
Portfolio Established, Emerging & Frontier Exploration Our Portfolio Countries WHY MOROCCO WHY MAURITANIA Atlantic Margins Explorer Underexplored with a number of high Focus of renewed exploration by range of Atlantic potential…
Portfolio Very Competitive Commercial Terms Our Portfolio Countries Indicative Contractor Share* MOROCCO: 100% 50% 0 MAURITANIA: Morocco Chariot Morocco: Chariot Mauritania: Guinea Tax & Royalty: PSC with Tax: 30% Corporation…
Portfolio Maturity Executing the programme Working Approximate Ongoing Drill Ready Contract Area Acquired Licence Area Operator Commitments 2D 3D Interest (subject to Partnering) (km2) Namibia offshore 2008 5,480 Incorporating…
Prospect Inventory Independent CPR of Prospective Resource Potential Based on 3D seismic data Based on 2D seismic data Netherland Sewell and Associates Inc (NSAI) Growth through Exploration 35 www.chariotoilandgas.com July…
Portfolio Materiality Transformational opportunities with giant follow on potential Prospect inventory has a range of Higher technical maturity, with Namibia drill- ready* * The developing Prospect Inventory in * Chance of…
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…
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