Chariot Limited · LSE:CHAR
Chariot — Shareholder Meeting (September 2020)
17 slides from Chariot's shareholder meeting presentation, September 2020
Slide 1: AGM Presentation September 2020
OIL & GAS AGM PRESENTATION Septemloer 2020
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 - Performance
CHARIOT - Performance “We have partnered with majors, drilled four potentially transformational but dry wells (two as operator) and secured a 1 Tcf gas resource” But….. 30 25 20 SAHRE PRICE (GBP) 15 10 5 0 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 3
Slide 4: Chariot – Executive Changes
CHARIOT – Executive Changes ADONIS POUROULIS Acting Chief Executive Officer Adonis, one of the founders of Chariot and its Namibian, 100% owned, operating subsidiary Enigma, is a mining entrepreneur whose expertise lies in the discovery, exploration and development of mineral resources including dia
Slide 5: Market Changes and Context
Market Changes and Context Home / News and insights / Press releases bp BP sets ambition for net zero by 2050, fundamentally changing organisation to deliver BP sets ambition for net zero by 2050, fundamentally changing organisation to deliver Release dete: 12 Februery 2020 Bloomberg Green Finance T
Slide 6: Chariot - Mission & Principles
CHARIOT - Mission & Principles To create value and deliver positive change through investment Our Mission in projects that are driving the energy revolution Our Values Positive Impact Respect Collaboration CREATE VALUE Pioneering Integrity 6
Slide 7: Existing Exploration & Production Portfolio
Existing Exploration & Production Portfolio MOROCCO BRAZIL Anchois Gas Development 361 Bcf 2C & Material drill-ready portfolio ~1.2 Bbbls 2U 690 Bcf 2U Growth through Low-Risk Exploration 1.8+ Tcf 2U • Operator, high working interest, no commitments Attractive gas pricing 8-11 $/MMbtu • Equatorial b
Slide 8: Moroccan Focus
Moroccan Focus • Morocco’s primary energy demand is Chariot Morocco Portfolio SPAIN growing and with >96% imported & Gas Infrastructure Pipelines Planned Pipelines • Gas has been a growing component of Chariot 3D Seismic the power generation mix, as part of the national strategy to reduce Tahaddart
Slide 9: Lixus – 2020 PSDM Seismic Reprocessing Improvements
Lixus – 2020 PSDM Seismic Reprocessing Improvements Anchois-1 Anchois-1 Legacy PSTM New PSDM Anchois Gas Resources A Sands Significant increase in gas A Sands resource volumes B Sands B Sands Confidence in gas distribution and trapping from depth control C Sands O Sands M Sands C Sands Better well t
Slide 10: Anchois Field 2020 Resource Assessment (PSDM Data)
Anchois Field 2020 Resource Assessment (PSDM DATA) Anchois Gas Sands CONTINGENT RESOURCES (Bcf) PROSPECTIVE RESOURCES (Bcf) C/M Sand A Sand B Sand 2020 PSDM 1C 2C 3C 2020 PSDM 1U 2U 3U Anchois-1 Appraisal & Exploration Gas identified in Targets O Sand 2019 PSTM 1C 2C 3C 2019 PSTM additional faults F
Slide 11: Anchois Development – Project Update
Anchois Development – Project Update ✓ 3D PSDM Seismic Reprocessing completed RESOURCES ✓ Updated Independent Assessment Completed ✓ Material uplift in resource volumes 1C 2C 3C 2U 201 Bcf 361 Bcf 550 Bcf 690 Bcf +29% +18% +27% +452% ✓ Integrated-Asset-Model completed DEV PLAN ✓ Pre-FEED Study commi
Slide 12: Anchois Development – Project Update
Anchois Development – Project Update ✓ 3D PSDM Seismic Reprocessing completed RESOURCES ✓ Updated Independent Assessment Completed ✓ Material uplift in resource volumes ✓ Integrated-Asset-Model completed DEV PLAN ✓ Pre-FEED Study commissioned ✓ Optimised development concept finalised ✓ Continued eng
Slide 13: Well-to-Seismic Calibration: Prospect Identification & Derisking
Well-to-Seismic Calibration: Prospect Identification & Derisking Seismic calibration of thick gas-bearing reservoirs at Anchois, combined with insights from 3 other wells allows the identification of low-risk undrilled exploration opportunities with same diagnostic responses Gas Sand A ANCHOIS-1 Spe
Slide 14: Lixus – Longer-Term Growth Potential
Lixus – Longer-Term Growth Potential LIXUS OFFSHORE • Work continues on the exploration upsides from the 3D Seismic, Bathymetry & Prospects Lixus Offshore area on the new PSDM data 3D PSDM • The 2019 assessment by NSAI estimated a total of coverage LIXUS OFFSHORE 1.8 Tcf 2U prosective resources in t
Slide 15: Namibia – Exploration Update
Namibia – Exploration Update Namibian Atlantic Margin Expected Exploration Activity • Chariot 65% and operator • 6100km2 proprietary 3D PSDM seismic and extensive 2D • No remaining commitments • 2312/7-1 well drilled on Prospect S in 2018, de-risking AURORA PROSPECT reservoir and with oil & gas indi
Slide 16: Brazil – Exploration Update
Brazil – Exploration Update Barreirinhas Basin Exploration Activity, Committed & Expected Wells • Chariot 100% and operator 0 50 km • 800km2 proprietary 3D PSDM seismic acquired • Initial Period work programme completed • Material portfolio of prospects has been compiled Guajuru Prospect to be drill
Slide 17: Chariot in Summary
CHARIOT IN SUMMARY NEW TEAM ANCHOIS GAS PROJECT NEW VISION NEW EXPLORATION VENTURES Creating value and delivering positive change through investment in projects that are driving the energy revolution 17