Chariot Limited · LSE:CHAR
Chariot — Chariot Oil & Gas — Investor Presentation (March 2017)
17 slides from Chariot's investor presentation, March 2017
Slide 1: Transformational Growth Through Exploration
Transformational Growth Through Exploration Proactive Investors Presentation – March 2017 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com March 2017
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 High impact Atlantic Margins explorer Giant potential in an extensive portfolio of prospects and leads Each asset has material follow-on potential and large running room Morocco Drill-ready Inventory 4 drill-ready* prospects, one of which is alre
Slide 4: Delivering the Strategy
Delivering the Strategy ACCESS DE-RISKING Secure large acreage positions in new and Apply appropriate risk reduction technologies emerging basins Levered partnering at investment phases Take operated position in the early phases to VALUE maintain control over destiny Position the portfolio as a Fast
Slide 5: 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 6: Scale of the Chariot portfolio and our neighbours
Scale of the Chariot portfolio and our neighbours BRAZIL Chariot’s Portfolio transposed on to southern UK MOROCCO NAMIBIA Growth through Exploration 6 www.chariotoilandgas.com March 2017
Slide 7: Morocco Summary
Morocco Summary Ownership Rabat Deep 10%; Eni (Op.) 40%; Gas-condensate Woodside 25%; discovery ONHYM 25% Gas production Mohammedia 75% (Op.); Jurassic prospect ONHYM 25% RD-1 to spud early 2018 Kenitra 75% (Op.); LKP-1A ONHYM 25% Kenitra-A Chariot Activity 2017 / 2018 Kenitra Drill RD-1 (Rabat Deep
Slide 8: Morocco Portfolio
Morocco Portfolio Rabat Deep Prospectivity: JP-1 768mmbbls* is a 4-way dip closed 200km2 structure in 1100m WD in the Jurassic carbonate play Additional 6 Jurassic leads ranging from 208 to 1041mmbbls* Mohammedia Prospectivity: JP-2 117mmbbls* is 3-way dip closed faulted structure in 400m WD in the
Slide 9: Namibia Summary
Namibia Summary Ownership Good reservoir 2 source rocks Central Blocks: Chariot 65% (Op.); 41 API Oil 2312 & 2412a AziNam 20%; NAMCOR 10%; BEE 5% Southern Blocks: 85% (Op.) 2714A & 2714B NAMCOR 10%; BEE 5% Chariot Planned Activity in 2017/2018 Central Blocks: Drill Prospect B* or new prospect from 2
Slide 10: Namibia Summary – Central Blocks
Namibia Summary – Central Blocks Wingat-1 Prospects B & D PROSPECT S Murombe-1 are strat traps of 469mmbbls and 416mmbls** respectively Prospects S, T, U, V, and W are all 2016 3D 4-way, dip-closed B structures V T PROSPECT V PROSPECT W S Seismic character U indicates W D deepwater turbidite channel
Slide 11: Namibia Summary – Southern Blocks
Namibia Summary – Southern Blocks Prospect AO1 extends over 420km2 and has a gross mean prospective resource estimated in excess of 8.1Tcf* and lies in 400m of water Prospect AO2 extends over 150km2 with a gross mean prospective resource estimated in excess of 2.2Tcf*, also in water depth of 400m Al
Slide 12: Brazil Summary
Brazil Summary BAR-M-292, 293, 313, 314 Ownership Petrobras Chariot 100% (Operator) Chariot Planned Activity in 2017 / 2018 Evaluate proprietary 775km2 3D seismic acquired in 2016 Shell Shell Partnering process for drilling Industry Activity Shell Shell 10 deepwater wells over the next 3 years, 1 in
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-Turo
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 350m to 1100m in basins with benign metocean cond
Slide 15: Planned Activity
Planned Activity Country Licence 1H 2H 1H 2H 1H 2017 2017 2018 2018 2019 MOROCCO Rabat Deep 10% Drill RD-1 Zero Cost Funded well JP-1 Carried well 768mmbbls** MOROCCO Mohammedia 2D Drilling* Drilling* Kenitra Well Partnering Seismic Kenitra-A 3D LKP-1a commitment 75% 464mmbbls*** 350mmbbls** NAMIBIA
Slide 16: Capital discipline and allocation of funds
Capital discipline and allocation of funds Prudent financial management of funds 2013 to date: Cash position: $68.3m YE 2016 cash $25.0m Cash in excess of licence commitments Remaining commitment Moroccan seismic ~$5m End 2012 Cash Investment in the portfolio No debt $38.5m $25m YE 2016 Cash* Farm-i
Slide 17: Outlook and Objectives
Outlook and Objectives Strategy underpinned by: Diverse portfolio and a drill-ready inventory with transformational potential Kenitra Offshore Core focus on risk management - partnering and technical development to optimise drilling outcomes Strong balance sheet, strict capital discipline. Cash exce
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