Chariot Limited · LSE:CHAR
Chariot — Investor Presentation (April 2026)
17 slides from Chariot's investor presentation, April 2026
Slide 1: Focused on the Upstream
NEW MATERIAL FOCUSED ON THE UPSTREAM UPSTREAM OPPORTUNITY INVESTOR WEBCAST - APRIL 2026
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: Presenters - Our Leadership Team
Presenters - Our Leadership Team Adonis Pouroulis Julian Maurice-Williams Duncan Wallace Chief Executive Officer Chief Financial Officer Technical Director One of the founders of Chariot, Chartered Accountant with 20 Geologist with 25 years of has worked in the sector for years of experience in the
Slide 4: Delivering on the Strategy
Delivering on the Strategy PRODUCTION TRANSACTION ELECTRICITY TRADING Material Oil Production Rapidly Growing Licenced Transaction, Offshore Angola Energy Trader in South Africa MOROCCAN PORTFOLIO POWER GENERATION Strategically Located Two Wind Projects Under Development and Exploration Construction
Slide 5: Game Changing Transaction for Upstream Business
Game Changing Transaction for Upstream Business Acquisition Funding of Material Oil Production Offshore Angola Working Alongside Super Major and Tier 1 Angolan Partner 93 MMbbls Gross Remaining Reserves (2P) Supported Etu Energias’ acquisition of a 20% working interest in Block 14 and 10% working in
Slide 6: Upstream Oil & Gas
UPSTREAM OIL & GAS
Slide 7: Angola Block 14 & 14K Transaction
Angola Block 14 & 14K Transaction Securing Material Interest in Mature Producing Assets Chevron* Etu Sonangol Azule Trident** SNPC Total E&P Block 14 31% 29% 20% 20% - - - Block 14K Tie-back to Block 14 15.5% 14.5% 10% 10% 15.75% 7.5% 26.75% Etu has signed SPA to acquire 20% interest and 10% in Bloc
Slide 8: Baseline Production Underpins Valuable Asset
Baseline Production Underpins Valuable Asset Map after Chevron (2022) Investment Case and Economics PRODUCED CURRENT LICENCE TO DATE PRODUCTION EXTENSION >900 MMbbls 40,000 bbl/d 2038 Block Base case decline forecast provides strong 14K cashflows with high exposure to oil price upsides Debt capacity
Slide 9: Further Upside from Undeveloped Discoveries and Nearfield Exploration
Further Upside from Undeveloped Discoveries and Nearfield Exploration Discoveries in Pinda and Tertiary PKBB and Pinda Trend Kuito Tomboco PKBB discovery well (2024) in Pinda Tertiary Sands 1 Belize BBLT Platform reservoir with strong production Benguela 1 Lobito performance Block Landana 1 14K TL P
Slide 10: Transaction Unlocks Significant Asset Value for Minimal Equity
Transaction Unlocks Significant Asset Value for Minimal Equity Interim Period Adjustments Certainty of Funding Final consideration fully-funded by Shell facilities Interim period adjustments - estimated to be >US$100 Million - from project cash flows reduces Repayments initially relatively front loa
Slide 11: Morocco - Focused on the Offshore
Morocco - Focused on the Offshore Anchois Development Updated Growing SPAIN Demand Gas Price ($/mmbtu) TANGIER Excellent 100 mmscfd imports Attractive commercial fundamentals are 50 Fiscal Robust Terms unchanged with rising import gas prices Economics 40 Optimisation of initial 2-well development va
Slide 12: Morocco – Renewed Exploration Interest
Morocco – Renewed Exploration Interest SPAIN Offshore Play Diversity 100 mmscfd imports 3D Seismic Partnering is the key focus for next steps on all Prospects / Key Leads TANGIER Moroccan licences Rissana Other Leads Offshore Tahaddart Seismic acquisition planning underway across CCGT 50 mmscfd basi
Slide 13: Providing the Foundation for Our Growth Strategy
Providing the Foundation for Our Growth Strategy Preferential Position in EXPLORATION APPRAISAL & DEVELOPMENT PRODUCTION NAMIBIA Global Exploration Hotspot Studies & Seismic Drill Appraise Field Development Plan Peak Production Mature Production Back-in Right ANGOLA BLOCK14/14K TRANSACTION ASSET VAL
Slide 14: Renewable Power
RENEWABLE POWER
Slide 15: Renewable Strategy - Focused on Power in Southern Africa
Renewable Strategy - Focused on Power in Southern Africa TRADER GENERATOR 360 Million People Served by SAPP ETANA ENERGY Enabling Construction of POWER TO ETANA & 47.7 GW Generation Projects through SAPP Operation TRADING BUSINESS Bankable Offtake POWER TO MINES Capacity 11 Buying Power from Multipl
Slide 16: Chariot Generation Projects
Chariot Generation Projects THIRD PARTY GENERATION CHARIOT GENERATION POWER TO MINES 400MW Under Construction & 500MW+ Pipeline 194MW Under Construction 300 MW Portfolio 75 DU PLESSIS SOLAR 215 KIPEMBA MW MW Location: Kansanshi, Zambia Developer: Mulilo 75 100 ZEN 225 PPA: 20 years on ‘take-or-pay’
Slide 17: Focusing on the Upstream
Focusing on the Upstream Upstream Oil & Gas New producing asset transaction provides the financial foundation to support the future of the Chariot Upstream business, the pathway to deliver growth opportunities and material shareholder returns 93 MMbbls Gross Remaining Reserves (2P) 4,000 bopd Chario