Chariot Limited · LSE:CHAR
Chariot — Oil Capital Conference September 2017
16 slides from Chariot's conference presentation, Sep 1, 2017
Slide 1: Transformational Growth Through Exploration
Transformational Growth Through Exploration Oil Capital Conference September 2017 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction 1 September 2017 www.chariotoilandgas.com
Slide 2: Disclaimer and forward looking statements
Disclaimer and forward looking statements 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 the basis of or be r
Slide 3: Chariot – Transformational growth through exploration
Chariot – Transformational growth through exploration Why invest in Chariot: Transformational impact in the success case of the fully-funded RD-1 well in Morocco. Material upside in the adjoining Chariot acreage in the success case. Morocco Drill-ready Inventory Downside protection through partnerin
Slide 4: Risk Management Strategy
Risk Management Strategy ACCESS DE-RISKING Secure large acreage positions in new and Position the portfolio as a Fast Follower emerging basins Apply appropriate risk reduction technologies Take operated position in the early phases to VALUE maintain control over destiny Levered partnering at investm
Slide 5: Capital discipline
Capital discipline Prudent financial management of funds 2013 to YE 2016: Reduction in Annual Cash Overhead ($m) 2013 to date: $68.3m End 2012 Cash Investment in the portfolio $38.5m $25m YE 2016 Cash Farm-in recoveries Cash position: YE 2016 cash $25.0m Cash in excess of licence commitments Recover
Slide 6: Near-term triggers
Near-term triggers 2H 1H 2H 1H 2H Country Licence 2017 2018 2018 2019 2019 MOROCCO Rabat Deep RD-1 Zero Cost JP-1 Carried well 10% 768mmbbls*** NAMIBIA Central Blocks Drilling Prep Drilling* Drilling** Option acreage 2312 & 2412A no remaining Well Partnering Prospect S Prospect W commitments 65% 459
Slide 7: Portfolio theme
Portfolio theme 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 Barreirinhas Ghana Mid Cretac
Slide 8: Morocco Summary
Morocco Summary Ownership Gas-condensate Gas Rabat Deep 10%; Eni (Op.) 40%; Woodside 25%; ONHYM 25% discovery production Mohammedia 75% (Op.); ONHYM 25% Kenitra 75% (Op.); ONHYM 25% RD-1 to spud early 2018 Repsol JP-1 Recent Chariot Activity LKP-1a Rabat Deep farm-out and transfer of operatorship to
Slide 9: Morocco Portfolio
Morocco Portfolio SW NE NE Proven source rocks, modelled mature Rabat Deep Kenitra Mohammedia kitchens and nearby onshore legacy light oil fields support hydrocarbon source presence and effectiveness. Reservoir demonstrated in Jurassic JP2 carbonates from on-trend offshore wells JP1 and in Lower Cre
Slide 10: Namibia Summary
Namibia Summary Ownership Gas discovery Central Blocks: 65% (Op.); AziNam 20%; NAMCOR 10%; BEE 5% Southern Blocks: Option to back-in post drilling for 10% equity at no cost Oil Excellent reservoir Recent Chariot Activity shows Excellent 2600km2 3D seismic acquired over the outboard high and processe
Slide 11: Namibia Portfolio
Namibia Portfolio Wells adjacent to Chariot acreage encountered excellent quality source rocks. Light oil (41o API) recovered adjacent to Central Blocks. Excellent quality Upper Cretaceous turbidite reservoir rocks encountered in Namibian deepwater wells. Structural Prospectivity: Prospect S 459mmbb
Slide 12: Brazil Summary
Brazil Summary Guajuru Prospect Petrobras 1 well 3,000 km2 3D seismic 131 M$ signature bonus PTTEP & Mitsui farm ins 8 wells Ownership 5,000 km2 3D seismic BAR-M-292, 293, 313, 314; 100% (Operator). Shell 178 M$ signature bonus CGG multiclient 3D Shell acquired 2015/16 Recent Chariot Activity <800 k
Slide 13: Brazil Portfolio
Brazil Portfolio Only 3 deepwater wells drilled in the basin. Presence of excellent Tertiary and Cretaceous turbidite reservoirs. Presence of Cenomanian-Turonian source rocks demonstrated in shallow-water wells drilled in-board of Chariot’s acreage. Evidence for sufficient burial of the Cenomanian-T
Slide 14: Drill-ready inventory of high margin targets in diversity of plays
Drill-ready inventory of high margin targets in diversity of plays Portfolio of drill-ready assets in emerging and frontier basins - substantial play opening opportunities • A range of play types and investment opportunities. • Water depths range from 750m to 1650m in basins with benign metocean con
Slide 15: Outlook and Objectives
Outlook and Objectives Strategy underpinned by: Diverse portfolio and a drill-ready inventory with transformational potential. Core focus on risk management - partnering and technical development to optimise drilling outcomes. A highly experienced technical, operational, financial and commercial tea
Slide 16: Q&A
Q&A Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction 16 September 2017