Chariot Limited · LSE:CHAR
Chariot — H1 2018 Earnings Presentation
9 slides from Chariot's earnings presentation, Sep 1, 2018
Slide 1: Transformational Growth Through Exploration
Transformational Growth Through Exploration Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction 1 September 2018 www.chariotoilandgas.com
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: Interim Highlights: Drilling & Portfolio
Interim Highlights: Drilling & Portfolio Prospect S (459mmbbls*), Namibia, to be drilled in Q4 2018: Fully funded and operated by Chariot. Ocean Rig Poseidon secured with historically low rig rates. Upside potential of 2.2Bnbbls in other prospects within the licence. Rabat Deep 1 well, Morocco, safe
Slide 4: Protecting the cash: Interim Results for the 6 months to 30 June 2018
Protecting the cash: Interim Results for the 6 months to 30 June 2018 6 months to 30 June 2018 6 months to 30 June 2017 Year to 31 December 2017 Unaudited Unaudited Audited US$m US$m US$m Income Statement Extract G&A (1.5) (1.4) (3.4) Impairment of exploration asset - (51.3) (51.3) Loss after Tax (2
Slide 5: Capital discipline
Capital discipline Prudent financial management of funds 2013 to 2017: Reduction in Annual Cash Overhead ($m) 2013 - 2017: $68.3m End 2012 Cash $41.5m $28.4m* Investment in the portfolio 2018 1H Cash Farm-in recoveries Cash position: $30.5m YE 2017 cash $15.2m Equity raise (net) $16.5m Equity 2018 r
Slide 6: Namibia Portfolio
Namibia Portfolio Prospect S R B S V U R R R R R R Primary Source Secondary Source R Primary Reservoir R Secondary Reservoir Prospect S All petroleum play elements proven by nearby drilling. S94 Wells adjacent to Chariot acreage encountered excellent quality, oil-prone S94 deep source rocks. Light o
Slide 7: Morocco Portfolio
Morocco Portfolio NW RSD-1 SE Line 1 LBS-1 NE Seabed Pock marks with geochemical anomalies Neogene Pliocene MCU Cretaceous Upper Jurassic Nappe Lower - Middle Jurassic K Basement Source Anchois, LNB-1 & RJB-3 Ain El Hamra oil field E E W thermogenic gas Srafah oil seep Line 2 Thermogenic discoveries
Slide 8: Opportunity in Brazil Selected Targets
Opportunity in Brazil Selected Targets SW NE Shell 1 well R TP-1 TP-2 R All petroleum play elements proven by nearby drilling. R Shallow water wells in the TP-3 basin have encountered excellent quality, oil-prone source rocks modelled to be oil mature in the fetch area for Chariot’s targets. Excelle
Slide 9: Chariot – Transformational growth through exploration
Chariot – Transformational growth through exploration Why invest in Chariot: Transformational impact in the success case of the fully-funded Prospect S well in Namibia. Morocco Drill-ready Inventory Material upside in the adjoining Chariot acreage in the success case. Prospective resources 464mmbbls