Chariot Limited · LSE:CHAR
Chariot — H1 2019 Earnings Presentation
12 slides from Chariot's earnings presentation, September 2019
Slide 1: Interims Presentation
Interims Presentation High Impact Atlantic Margins Oil and Gas Company September 2019
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: Interim Highlights (1)
Interim Highlights (1): Low Risk Production Opportunity Secured: Award of near-term development opportunity, Lixus Offshore Licence, Morocco: Anchois-1 well gas discovery and satellites offer near-term development opportunity. Material additional on-block exploration running room in licence. Compete
Slide 4: Interim Highlights (2)
Interim Highlights (2): Ongoing Giant Potential Portfolio Progression: Morocco: Data room open on the clastic prospects and leads with MOH-B (gross mean prospective resource of 637mmbbls) and KEN-A (gross mean prospective resource of 445mmbbls), priority targets, having been significantly de-risked
Slide 5: Interim Highlights (3)
Interim Highlights (3): Cash Position: Unaudited cash balance as at 30 June 2019 of US$12.1 million. No debt and all work commitments, which are less than US$1.0 million, fully funded. Outlook: Secure partners to participate in the appraisal and development of the Anchois Gas Field in order to gener
Slide 6: Interim Financial Results for the 6 months to 30 June 2019
Interim Financial Results for the 6 months to 30 June 2019 6 months to 30 June 2019 6 months to 30 June 2018 Year to 31 December 2018 Unaudited Unaudited Audited US$m US$m US$m Income Statement Extract G&A (1.5) (1.5) (3.4) Impairment of exploration asset - - (10.9) Loss after Tax (1.9) (2.1) (15.1)
Slide 7: Morocco Summary
Morocco Summary Ownership: Chariot • Lixus 75% (Op.); ONHYM 25% Anchois-1 Gas • Kenitra 75% (Op.); ONHYM 25% production • Mohammedia 75% (Op.); ONHYM 25% Lixus MOH-B Recent Chariot Activity: RSD-1 • Zero-cost in the Rabat Deep 1 (RSD-1) dry well having achieved a full carry from Eni KEN-A • Complete
Slide 8: Anchois – Material, High Value Gas Appraisal Project
Anchois – Material, High Value Gas Appraisal Project Anchois Discovery Well Key Facts: • Anchois-1 gas discovery in 388 m WD, 40km from coastline • 2C Resource of 307 Bcf* in Gas Sand A and Gas Sand B Gas Sand A • Prospective Resource of 116 Bcf* in Gas Sand C (Anchois Gas Sand B Deep), untested in
Slide 9: Additional on-block running room
Additional on-block running room 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 • Anchois & satellites are an amplitude-supported Lixus discovery and prospect inventory
Slide 10: Brazil Summary
Brazil Summary 2000 m WD Jubilee Field 1 well Barreirinhas Basin Brazil Multiclient 3D Seismic 14,500 km2 400 m WD 1 well Ownership: 6 wells Chariot • BAR-M-292, 293, 313, 314; 100% (Operator) 3D seismic 775km2 1 well 2 wells Recent Chariot Activity: • Identified large structural prospect with multi
Slide 11: Namibia Summary
Namibia Summary Ownership: • PEL 71 Central Blocks: 65% (Op.); Azinam 20%; NAMCOR 10%; BEE 5% Good reservoir • PEL 67 & 72 Southern Blocks: Post-drilling 10% back-in option at no cost 2 source rocks Recent Chariot Activity: 41 API Oil • Chariot safely operated the drilling of the deepwater well on P
Slide 12: Summary
Summary Balanced exploration • Exploration assets in Morocco, Brazil and Namibia portfolio with • Transformational Resources in a prospect inventory with balanced risk & reward giant potential • Low risk exploration and appraisal assets in Morocco • Anchois Discovery: 307 Bcf* 2C with deeper potenti