Chariot Limited · LSE:CHAR
Chariot — Chariot Oil & Gas — FY2017 Earnings Presentation
10 slides from Chariot's earnings presentation, Jun 1, 2018
Slide 1: Growth Through Exploration: Final Results YE 31 December 2017
Growth Through Exploration Final Results YE 31 December 2017 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction 1 June 2018 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: 2017 and Post Period Highlights: Delivering on the strategy
2017 and Post Period Highlights Delivering on the strategy, Capitalising on the environment Giant scale drilling campaign initiated Rabat Deep 1 exploration well drilled in Q1 2018 at zero cost. Prospect S, Namibia, (459mmbbls*) to spud with the Ocean Rig Poseidon drill ship in Q4 2018, fully funded
Slide 4: 2017 and Post Period Highlights: Significant technical developments
2017 and Post Period Highlights Significant technical developments Namibia CPR confirms five new structural prospects each from 283 - 459mmbbls*. Drilling preparations underway for Prospect S (459mmbbls*). Potential to drill Prospect W back-to-back dependent on success and the ongoing partnering pro
Slide 5: Audited Results – Year Ended December 2017
Audited Results – Year Ended 31 December 2017 Year to 31 December Year to 31 December Capital discipline – 2017 year end cash of 2017 2016 US$15.2m. Additional net US$16.5m raised Audited Audited through issue of equity in Q1 2018. US$m US$m Income Statement Extract Continued prudent G&A – ongoing 5
Slide 6: Capital discipline and allocation of funds
Capital discipline and allocation of funds Prudent financial management of funds 2013 to 2017: Reduction in Annual Cash Overhead ($m) 2013 to date: $68.3m End 2012 Cash Investment in the portfolio $41.5m $15.2m 2017 YE Cash Farm-in recoveries Cash position: YE 2017 cash $15.2m Equity raise (net) $16
Slide 7: Prospect S – Q4, 2018 drilling
Namibia Prospect S – Q4, 2018 drilling N S R R 72km2 R 459mmbbls*. Pg of 29%. All petroleum play elements proven by nearby wells. R Adjacent wells encountered excellent quality, oil- prone source rocks and 41o API oil. Excellent quality Upper Cretaceous turbidite reservoir rocks encountered in Namib
Slide 8: Opportunity in Brazil: Selected targets
Opportunity in Brazil Selected targets SW NE Shell R TP-1 TP-2 R All petroleum play elements proven by nearby drilling. R Shallow water wells in the TP-3 basin have encountered excellent quality, oil-prone source rocks modelled to be oil mature in the fetch area for Chariot’s targets. Excellent qual
Slide 9: Opportunity in Morocco: Selected prospects
Opportunity in Morocco Selected prospects Line 1 Gas Gas-condensate RSD-1 production discovery Kenitra-1 LKP-2a Repsol R Rabat Deep 1 R LKP-2a R Rabat Deep LKP-1a Kenitra Mohammedia Kenitra-1 JP-1 Jurassic light oil Chariot production Eni W E Kenitra LKP-2a 464mmbbls** 263mmbbls* 88km2 143km2 EEI15
Slide 10: Transformational growth through exploration
Transformational growth through exploration Why invest in Chariot: Transformational impact in the success case of the funded Prospect S well in Namibia: Material upside in the adjoining Chariot acreage in the success case Downside protection through partnering and technical de-risking Cash significa