Chariot Limited · LSE:CHAR
Chariot — Corporate Update (January 2022)
19 slides from Chariot's corporate update, Jan 26, 2022
Slide 1: Anchois Appraisal & Exploration Campaign Investor Call
CHARIOT --# TRANSITIONAL ENERGY ANCHOIS APPRAISAL & EXPLORATION CAMPAIGN Investor Call 26t January 2022
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 — Positioned to Develop Energy Projects Across Africa
Chariot — Positioned to Develop Energy Projects Across Africa create value and deliver positive change through investment in projects that are driving the energy revoluti TRANSITIONAL POWER PARTON Moroccan offshore gas development with the potential to positively Renewable and hybrid energy project
Slide 4: Appraisal & Exploration Campaign Investor Call: Agenda
Anchois Appraisal & Exploration Campaign Investor Call: Agenda @ Operational Performance 2] Delivering Results & Data &) Forward Plan CHARIOT -=##5+-
Slide 5: Campaign — Focus on Safety & Environment
Anchois Campaign — Focus on Safety & Environment CHARIOT -=##5+- comet + Operations completed safely and efficiently >250 Personnel Transfers {§ >80,000 Man Hours Medevac Drill — Tangiers, December 20;
Slide 6: Anchois-2 Drilling - Focus on Performance
Anchois-2 Drilling - Focus on Performance Anchois-2 vs Anchois-1 Days oO 500 = 1,000 e = as € 1,500 a 2,000 2500: —— Anchois-1 Discovery [2009] Wireline —Anchois-2 Actual [2022] & fs evaluation [Pex f 3,000 y Evaluation Programme 8 days 7 reservoir zones drilled in single 12 %4” section Spud to TD <
Slide 7: Campaign — What it Takes to Drill a Well
Anchois Campaign — What it Takes to Drill a Well Engineering, Planning, Contracts Stenabriting ODI HALLIBURTON @eviconia GEOLOG eSunitona cs 12 Months Planning Dry Runs & Drills 50 Suppliers e Adapting the Plans UK COVID 19 Operations Daily new cases Morocco travel ban: Flights banned | until the en
Slide 8: Campaign — What it Takes to Drill a Well
Anchois Campaign — What it Takes to Drill a Well ‘Stena Don rig on Anchois-2 well location, E e Logistics Base Helicopter Support CHARIOT -=#*:
Slide 9: Appraisal & Exploration Campaign Investor Call: Agenda
Anchois Appraisal & Exploration Campaign Investor Call: Agenda @ Operational Performance 2] Delivering Results & Data &) Forward Plan CHARIOT -=##5+-
Slide 10: Anchois-2 Results — Exploration & Appraisal Success
Anchois-2 Results — Exploration & Appraisal Success Anchois-1 Anchois=2 FRpiegaa dae tepemeiee tama toon aae . . Discovery | _.--- PVeeycererel] jp ee aod Anchois-1 (2009) & PLIOCENE Well |.--° Well MIOCENE Anchois-2 (2022) Anchois North (Footwall) prospects derisked projected on seismic full stack
Slide 11: Anchois-2 — Evaluating the Reservoirs
Anchois-2 — Evaluating the Reservoirs e Reservoir / Gas Identification e Coring oe ee * Challenges with soft, poorly 55m net pay >100m net pay consolidated rocks 1S - is: + Rotary sidewall coring tool >50m net pay in total + Tool selection, acquisition New lower sand found (left) parameters and C/M/
Slide 12: Anchois-2 — Acquiring Gas Samples
Anchois-2 — Acquiring Gas Samples HALLIBURTON ‘Anchois-1 Discovery PLIOCENE Well Plie prospect Anchois-2 & Appraisal Well ‘Well design not catimised for A sands {Good quality sand cilled at 1D, derisking thick O sands inather targets Anchois North (Foctvval) prospects derisked Gas Composition ANCHOI
Slide 13: Appraisal Campaign - Anchois-1 Re-entry & Candidate Future Producer
Anchois Appraisal Campaign - Anchois-1 RE & Candidate Future Produce ANCHOIS-1 RE-ENTRY Ih Ba HARIOT -=338- HARIOT Polishing internal seal face Latching Anchois-1 with Stena Don BOP Installing Temporary Abandonment Caps CHARIOT -+##:
Slide 14: Appraisal & Exploration Campaign Investor Call: Agenda
Anchois Appraisal & Exploration Campaign Investor Call: Agenda @ Operational Performance 2] Delivering Results & Data &) Forward Plan CHARIOT -=##5+-
Slide 15: Fast-Tracking the Anchois Gas Development
Fast-Tracking the Anchois Gas Development Updating the Development Plan e@ SUBSEA-TO-SHORE DEVELOPMENT + Pre-drill subsurface models used to identify candidate producer locations «+ A&B sand models to be updated with Anchois-2 well results « Discovered sands will be incorporated into the development
Slide 16: Spectral Decomposition
Spectral Decomposition RGB Display Low Frequency Gas - Bearing Response Water-Bearing Osands prospect materially de-risked for reservoir & gas charge CHARIOT Thin gas column with excellent quality reservoir identified in O sands Osands prospect | materially de-risked for reservoir & gas charge
Slide 17: Lixus Offshore — Exploration Upsides in a Seismic-Supported Gas Play
Lixus Offshore — Exploration Upsides in a Seismic-Supported Gas Play AS—PO A 3D PSDM coverage” 450 m water depth Central MAQUEREAU CENTRAL - 478 BCF*** (267 BCF**) a 4000 . fh c o 0 100 Deep-Thn-1 : 3000 80 BP) *rehois Discovery hy 2000 bead [QD Anchois Prospective ep Prospect in 2019/ 40 2020 Portf
Slide 18: Morocco Portfolio: Material Upsides in Rissana Offshore
Morocco Portfolio: Material Upsides in Rissana Offshore POTENTIAL DEVELOP B MATERIAL UPSIDE IN MOROCCO ‘South 3D PSDM } Chariot Prospect Portfolio cover i LUKUS OFFSHORE — ease © F150 m water depth | niaiaaiinih ¢ Further material low-risk gas | am Rissana sands across the Lixus licence - Cine 2C+2U
Slide 19: Appraisal & Exploration Campaign Investor Call: Summary
Anchois Appraisal & Exploration Campaign Investor Call: Summary @ Operational Performance * No HSE incidents * Outstanding Performance ¢ Appraisal & Exploration Success Comprehensive dataset acquired 2] Delivering Results & Data - Fast-track a gas development &) Forward Plan ¢ Evaluate newly-discove