Chariot Limited · LSE:CHAR
Chariot — Investor Presentation (July 2024)
16 slides from Chariot's investor presentation, July 2024
Slide 1: Scalable Projects with Material Cash Flows
SCALABLE PROJECTS WITH MATERIAL CASH FLOWS
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
Presenters Adonis Pouroulis Julian Maurice-Williams Duncan Wallace Chief Executive Officer Chief Financial Officer Technical Director • One of the founders of Chariot, has worked • Chartered Accountant with over 20 years • Geologist with over 20 years of experience in the sector for over 30 years of
Slide 4: Developing Scalable Energy Projects
Developing Scalable Energy Projects Core focus for the group Multiple development projects with material growth potential Delivering a strategically located and material Primary goal to get to first gas and new natural gas province in Morocco generate revenues Anchois-East Well – mid August 2024 New
Slide 5: Getting to Cashflows
Getting to Cashflows Material Moroccan Revenues – Underpins Business Case Material Upsides - Additional Value Drilling to Deliver Development GAS Multi-TCF Upsides Material Existing 2C Development 150 Resources for 637 Upsides Expansion mmscfd Development Bcf NEW Multi-Billion VENTURES Barrel Potent
Slide 6: Recent progress and Q3 2024 drilling campaign
Successful completion of Q3 24 offshore drilling onshore drilling campaign campaign in Anchois Field Offshore partnership deal Multi-Billion barrel completed with Energean new venture Rig contract signed for Q3 24 onshore flow test, Anchois-East well fast-track gas to market 6
Slide 7: Transitional Gas - Creating Value from Morocco's Natural Gas Resources
Transitional Gas - Creating Value from Morocco’s Natural Gas Resources OFFSHORE Chariot’s Moroccan Portfolio Exploration and drilling activity on Anchois field to date realised a material SPAIN increase in gas resources to 1.4 Tcf and development plan for the Anchois 100 mmscfd imports field with an
Slide 8: 2024 Anchois Drilling & Testing Campaign – Fully Carried
2024 Anchois Drilling & Testing Campaign – Fully Carried Proven Gas Bearing Sands Prospective Gas Sands Water Bearing Sands Chariot fully carried Anchois-1 Anchois-2 Anchois-East for anticipated costs of campaign * Stena Forth drillship - August commencement 5 1 expected 3 Multi-objective well – 2 f
Slide 9: The Value of an Expanded Development
The Value of an Expanded Development Exploration well section Central Processing Value and Funding of the Development well section Facility Expanded Development Flowline Drilling Rig Umbilical 150+ <5% >75% Anchois-2 Anchois-East mmscfd increase in 50% initial increase in increase in Anchois-1 (RD)
Slide 10: Successful Loukos Drilling Campaign - Gas Discovery
Successful Loukos Drilling Campaign - Gas Discovery LNB-1 RZK-1 Up-dip structural trap? OBA-1 Discovery Read-Through RJB-3 Potential for OBA-1 second trap up- for Existing Discoveries dip in structure >50m RJB-3 Discovery net sand 2 mmscfd c. 5 Bcf Up-dip Undrilled 26m Net structural trap? Structure
Slide 11: Commercialisation Through Midstream Partnership
Commercialisation Through Midstream Partnership Compact solution, To Tangiers 1 Loukos Gas Sales Anchois Field early feasibility work ✓ OBA-1 Discovery suggests facilities to all fit within wellsite ✓ Existing Discoveries pad location and Dartois 100% owned by Multiple ✓ Exploration Portfolio minima
Slide 12: Scalable New Venture Opportunities
Scalable New Venture Opportunities 1 Our Opportunity : Secure material position in licences adjacent to recent, giant discoveries Currently hold Progress initial scope of work a 10% Licence Back-in Right in Namibia’s Orange Basin 2 Our Expertise : Multi-Billion Operational and technical insights in
Slide 13: Transitional Power – Renewable Electricity Trading and Generation
Transitional Power – Renewable Electricity Trading and Generation Trading Licence in South Africa Unlocks Chariot’s Participation in Large Renewable Generation Projects Power Purchase Agreements (PPAs) in place with: <400MW Wind Generation Developed with Major Renewable Group* 40MW Solar Project* Fu
Slide 14: Green Hydrogen: Focus on Near-Term Production and Long-Term Scalability
Green Hydrogen: Focus on Near-Term Production and Long-Term Scalability 50 / 50 Working Partnership with Feasibility study at Project Nour completed in Q1 24 • Further defined scale and viability and outlined phased development plan • Nour has some of the most competitive H2 production costs in the
Slide 15: Key Catalysts for Growth
Key Catalysts for Growth 2024 We Are Here 2025 Deal Anchois Drilling Expanded Anchois Seismic FIRST Completion Drill & Test Results FEED GSAs FID Acquisition GAS US$ 15m Offshore Operational Planning Drilling Activity & Development Planning EPC (2 Years) GAS Drilling New Data Testing Development Opt
Slide 16: Delivering a strategically located and material new natural gas basin
Delivering a strategically Exploring a new located and material new multi-billion barrel natural gas basin opportunity Developing some of the Building a world-class largest renewable energy green hydrogen projects in Africa portfolio