Chariot Limited · LSE:CHAR
Chariot — Corporate Update (December 2023)
16 slides from Chariot's corporate update, December 2023
Slide 1: Partnership with Energean Targeting Anchois Project Delivery
PARTNERSHIP WITH ENERGEAN TARGETING ANCHOIS PROJECT DELIVERY December 2023
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 Snapshot
Chariot Snapshot 75 BCF Delivering a strategically 637 BCF located and material new 430 MW natural gas province Developing Scalable Transitional Energy Projects 10 GW 30 MW 15 MW Building a world- Developing some of the class green largest renewable energy hydrogen portfolio projects in Africa 40 MW
Slide 4: Chariot's Moroccan Journey and Portfolio
Chariot’s Moroccan Journey Chariot’s Moroccan Portfolio LIXUS SPAIN DEVELOPMENT High Shift Focus to Value-Driven Gas Tangiers 2019- • Awarded Lixus Offshore 2C 2021 (which includes the Anchois field) Gas Power Plant 1C • Key terms agreed on Rissana Offshore CCGT • Matured an attractive development p
Slide 5: Why Partner with Energean?
Why Partner with Energean? Aligned Visions • Gas = Core Focus Karish, Karish North and Tanin – Flagship Assets • Domestic Market Development • Rapid Gas Commercialisation • Ambitions for Growth Complimentary Skillsets Successful Project Exploration Delivery Expertise Proven Greenfield Moroccan Offsh
Slide 6: Transaction Summary
Transaction Summary Energean to acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively, and take operatorship of both licences Chariot will retain a 30% and 37.5% interest in Lixus and Rissana respectively, with ONHYM maintaining a 25% stake in each licence Chariot will recei
Slide 7: 2024 Anchois Drilling & Testing - Multi-Objective Well
2024 Anchois Drilling & Testing - Multi-Objective Well Well Design and Targets DEVELOP Accelerated drilling of the third development ANCHOIS-EAST WELL well location and future producer Anchois-2 Phased development approach reduces Anchois-1 Main Pilot Hole uncertainty and post-FID CAPEX Well OPTIMIS
Slide 8: Impact of Drilling Success on Expanded Development
Impact of Drilling Success on Expanded Development Development Maturity Development Alignment FEED ESIA • Development scheme Anchois Field • Engineering work to prepare Gas Sales Project 637 Bcf for success and expansion 2C 105+ Principles Finance mmscfd • Unlocks additional tie-back capacity opport
Slide 9: Exploration Growth Enabled by Market Access
Exploration Growth Enabled by Market Access Domestic Gas Offshore Portfolio P50 TRR (Bcf) Europe Interconnection 300 7000 • Inter-connection with Europe via National High-graded 200 6000 prospects GME pipeline Gas Other 290 • Provides current supply for Demand 100 5000 Morocco and provides 160 (mmsc
Slide 10: Loukos Onshore – Upcoming Drilling Operations
Loukos Onshore – Upcoming Drilling Operations (75% Chariot, 25% ONHYM) Early High-Graded Portfolio Value Generation Example Individual wells can directly unlock a wider group of geologically-linked prospects* Gas play is shown to extend off current 3D area, providing material upside Gaufrette unlock
Slide 11: 2024 Outlook for Chariot in Morocco: Moving Towards First Gas
2024 Outlook for Chariot in Morocco: Moving Towards First Gas Anchois Drilling & Testing Exploration Loukos Drilling Deliver the development Seismic targeting material new plays Establish successful low-risk play Grow the resource base Mature exploration portfolio Accelerate gas sales to industry &
Slide 12: Appendix
°e e - © APPENDIX © -_ CHARIOT #8 -°e®
Slide 13: Anchois-East – Two Wells In One
Anchois-East – Two Wells In One Gross gas sand intervals drilled in Anchois-1 & Anchois-2 combined A & B Sands drilled in both 150m Anchois-1 and Anchois-2. Key sands for the Anchois development. C & M Sands discovered gas- bearing in Anchois-2 appraisal well drilled by Chariot Dec 2021-Jan 2022. 15
Slide 14: Anchois Well Productivity and Testing
Anchois Well Productivity and Testing SPAIN Poseidon Anchois-2 Why Test Anchois Now? increased the Anchois Original Sands MOROCCO number of sands Rharb Anchois-1 considered in the Optimize well count and completions development Anchois design for a development which now B3 sand Poseidon, Gulf of Cad
Slide 15: Anchois – Getting Development Ready
Anchois – Getting Development Ready Geophysical and Geotechnical FEED Project Work Site Surveys FEED Surveys 55,000 Complete 4 Completed Man Hours Surveys Completed 498 c.20km2 Documents Area Completed Surveyed Funding Environmental Social Anchois East Impact Assessment Drilling Preparedness Wellhea
Slide 16: Partnering Rationale
Partnering Rationale 1 Deliver the Development of Anchois • Attract company with track record of delivering similar development projects • Complimentary expertise and alignment on commercial/development strategy • Validation of project for our stakeholders 2 Retain Material Stake in Expanded Project