Chariot Limited · LSE:CHAR
Chariot — Chariot Oil & Gas — Investor Presentation (June 2019)
31 slides from Chariot's investor presentation, June 2019
Slide 1: Investor Presentation
Investor Presentation C HARIOT OIL & GAS Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction High Impact Atlantic Margins Oil and Gas Company June 2019 1
Slide 2: Disclaimer and forward looking statements
Disclaimer and forward looking statements C HARIOT OIL & GAS These Presentation Materials do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in the Company nor shall they or any part of them form t
Slide 3: High Impact Atlantic Margins Oil & Gas Company
High Impact Atlantic Margins Oil & Gas Company C HARIOT OIL & GAS Balanced Exploration assets in Morocco, Brazil and Namibia exploration portfolio Transformational Resources in a prospect inventory with balanced risk & reward with giant potential Low risk exploration and appraisal assets in Morocco
Slide 4: Balanced Exploration Portfolio with Giant Potential
Balanced Exploration Portfolio with Giant Potential C HARIOT OIL & GAS Brazil Morocco Namibia Identified large structural prospect RSD-1 well indicates the potential Prospect S well encountered with multiple stacked targets from for a new petroleum system with excellent quality water bearing proprie
Slide 5: Balanced Exploration Portfolio with Giant Potential
Balanced Exploration Portfolio with Giant Potential C HARIOT OIL & GAS High impact Atlantic Margins explorer: “Drill-ready” exploration assets in Morocco, Brazil and Namibia Success in any of Chariot’s wells has the potential to create transformational value Any success de-risks material running roo
Slide 6: Anchois - Material, High Value Gas Project
Anchois - Material, High Value Gas 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 Prospective Resource of 116 Bcf* in Gas Sand C (Anchois Gas Sand B Deep), untested
Slide 7: Additional on-block running room
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 surveys Lixus Anchois & satellites are an amplitude-supported discovery and prospe
Slide 8: Strong value generation from Anchois & Satellites
Strong value generation from Anchois & Satellites C HARIOT OIL & GAS Phase I potential development 423 Bcf 90 mmscf/d (2C + 2U)* 2C + 2U (A, B & C sand) 70 mmscf/d 307 Bcf (2C)* 2C (A & B sand) Bcf mmscf/d Onshore Central Processing Facility 35 mmscf/d 156 Bcf (1C) 1C 14” gas pipeline & control umbi
Slide 9: Growing Moroccan Gas Market with attractive gas prices
Growing Moroccan Gas Market with attractive gas prices C HARIOT OIL & GAS Power plants Moroccan energy demand is Pipelines Coal forecast to double between 2015 GME Export ~1200 mmscf/d Planned Fuel Oil and 20301 pipelines Tahaddart CCGT (400MW) Gas Moroccan power generation is ~50 mmscf/d Planned LN
Slide 10: Strategy focused on transformational value
Strategy focused on transformational value C HARIOT OIL & GAS ACCESS RISK MANAGEMENT Secure large acreage positions in new and Apply risk reduction technologies emerging basins Levered partnering at investment phases Take operated position in the early phases to maintain control over destiny Positio
Slide 11: Multiple Value Triggers
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 Anchois-2 Appraisal well Lixus Phase II 423Bcf*** exploration well Seismic reproc
Slide 12: Experienced and Operationally Excellent Team
Experienced and Operationally Excellent Team C HARIOT OIL & GAS Saipem 12000 CEO RSD-1 March, 2018 Larry Bottomley Formerly at BP, Perenco, Hunt Oil and Triton Energy Drilling CFO Manager David Brecknock Julian Maurice-Williams Formerly at Ophir, Perenco, Devon, Shell and BG Formerly at BDO Morocco
Slide 13: High Impact Atlantic Margins Oil & Gas Company
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 & Moroccan gas operationally market with excellent team attractive pricing Strategy
Slide 14: Appendices - Portfolio
Appendices - Portfolio C HARIOT OIL & GAS 14
Slide 15: Portfolio Theme
Portfolio Theme C HARIOT OIL & GAS Nova Scotia Morocco Late Jurassic Reserve 4TCF and associated liquids Panuke Deep (Encana) Sable (ExxonMobil, Shell) Argentina / Uruguay Namibia Early Cretaceous Springhill play Repsol et al BP, Shell, Total, Exxon, Statoil, Tullow, Petrobras, YPF Brazil Barreirinh
Slide 16: Morocco Summary
Morocco Summary C HARIOT OIL & GAS Ownership: Lixus 75% (Op.); ONHYM 25% Chariot Kenitra 75% (Op.); ONHYM 25% Anchois-1 Gas Mohammedia 75% (Op.); ONHYM 25% production Lixus Recent Chariot Activity: MOH-B Zero-cost in the Rabat Deep 1 (RSD-1) dry well having achieved a full carry from Eni RSD-1 Compl
Slide 17: Morocco Portfolio – Mohammedia / Kenitra
C HARIOT Morocco Portfolio – Mohammedia / Kenitra OIL & GAS Line 1 RSD-1 LBS-1 Seabed pock-marks with geochemical anomalies Seabed PLIOCENE NAPPE Anchois, LNB-1 & RJB-3 Ain El Hamra oil field E E W Thermogenic thermogenic gas discoveries Srafah oil seep Line 2 hydrocarbons in Tselfat oil field mud v
Slide 18: Lixus – Anchois Satellite Prospects
Lixus – Anchois Satellite Prospects C HARIOT OIL & GAS B Sand Top Reservoir Amplitude Anchois N B Anchois NE Anchois W Anchois N Anchois Anchois W Anchois WSW 89* Bcf 308* Bcf A Anchois WSW Anchois SW A Anchois SW Anchois S 61* Bcf 101* Bcf A B Anchois N Anchois SW Anchois Anchois W Anchois WSW Anch
Slide 19: Morocco Portfolio – Lixus – Additional prospects
Morocco Portfolio – Lixus – Additional prospects C HARIOT OIL & GAS Maquereau North Maquereau N,C,S 254** Bcf Maquereau Central 93** Bcf Maquereau South Regional amplitude map over Lixus 3D surveys 102** Bcf 2C and Prospective Resource (PR) of Lixus inventory (Bcf) Tombe Turbot PR PR 2C PR 330** Bcf
Slide 20: Brazil Summary
Brazil Summary C HARIOT OIL & GAS 2000 m WD Jubilee Field 1 well Brazil Barreirinhas Basin Multiclient 3D Seismic 400 m WD 1 well 14,500 km2 Ownership: 6 wells BAR-M-292, 293, 313, 314; 100% (Operator) Chariot 3D seismic 775km2 1 well 2 wells Recent Chariot Activity: Identified large structural pros
Slide 21: Brazil Portfolio
Brazil Portfolio C HARIOT OIL & GAS 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 modelled to be oil mature in the fetch area for Chariot’s targets Excellent qu
Slide 22: Namibia Summary
Namibia Summary C HARIOT OIL & GAS Ownership: PEL 71 Central Blocks: 65% (Op.); Azinam 20%; NAMCOR 10%; BEE 5% Good PEL 67 & 72 Southern Blocks: Post-drilling 10% back-in option at no cost reservoir 2 source rocks Recent Chariot Activity: 41 API Oil Chariot safely operated the drilling of the deepwa
Slide 23: Namibia Portfolio
Namibia Portfolio C HARIOT OIL & GAS Prospect S DRY R B S V U R R R R R R Inboard kitchen Primary Source Secondary Source R Primary Reservoir R Secondary Reservoir Prospect S encountered water bearing turbidite reservoir sands Post-well analysis underway as part of the well failure analysis Integrat
Slide 24: Appendices - Corporate
Appendices - Corporate C HARIOT OIL & GAS 24
Slide 25: The Board of Directors
The Board of Directors C HARIOT OIL & GAS CEO Non-Executive Chairman Non-Executive Director Larry Bottomley George Canjar Andrew Hockey Over 35 years with Perenco, Hunt Oil, Triton Over 35 years with Hess, Shell and Davis Over 35 years’ experience in the oil & gas Energy and BP with a track record o
Slide 26: Corporate Snapshot
Corporate Snapshot C HARIOT OIL & GAS Key Shareholders Market Statistics Shareholders* % Listing AIM, London Total Board & Senior Management 8.2 Ticker Symbol CHAR Including Westward Investments Limited (A Pouroulis - Director 7.8 Issued Shares (at 31 December 2018) 367,259,909 & Founder) Share Pric
Slide 27: Progress to Date
Progress to Date C HARIOT OIL & GAS Acquired BAR-M- Acquired Re-award Acquired Option Acquired 292,293,313,314 Mohammedia Recon Central blocks Mohammedia & Kenitra Southern Blocks, Lixus, Brazil Morocco Namibia Morocco Namibia Morocco Casablanca lapsed, Northern Blocks lapsed, Loukos lapsed, C-19 la
Slide 28: Countries
Countries C HARIOT OIL & GAS MOROCCO: Chariot Morocco: GDP: US$109.3 billion ; Annual Growth: 4.1% Atlantic Margins Explorer Population: 34.3 million; Inflation: 0.8% Tax & Royalty: Major Industries: automotive parts; phosphate mining and processing; aerospace; food processing; leather goods; textil
Slide 29: Chariot Portfolio and our neighbours
Chariot Portfolio and our neighbours C HARIOT OIL & GAS MOROCCO Chariot’s acreage holdings transposed on to southern UK BRAZIL NAMIBIA 29
Slide 30: Portfolio Maturity
Portfolio Maturity C HARIOT OIL & GAS 30
Slide 31: Prospect Inventory
Prospect Inventory C HARIOT OIL & GAS Netherland Sewell and Associates Inc. (“NSAI”) Morocco: Brazil: Namibia: All Contingent Resource (“CR”) and Prospective Resource (“PR”) estimates are gross and based on the evaluation of 3D seismic data RRR1 Remaining Recoverable Resource * Netherland Sewell and
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