Chariot Limited · LSE:CHAR
Chariot — Chariot Oil & Gas — FY2016 Earnings Presentation
7 slides from Chariot's earnings presentation, March 2017
Slide 1: Growth Through Exploration: Final Results YE 31 December 2016
Growth Through Exploration Final Results YE 31 December 2016 Morocco Brazil Namibia South Atlantic 100 Ma Reconstruction Growth through Exploration 1 www.chariotoilandgas.com March 2017
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: 2016 and Post Period Highlights
2016 and Post Period Highlights Delivering on the strategy, Capitalising on the environment Robust balance sheet with US$25.0m of cash – Significantly in excess of remaining commitments – Ongoing capital discipline, no debt Drilling partner secured ― Farm-out completed on Rabat Deep, Morocco with En
Slide 4: 2016 and Post Period Highlights: Significant technical developments
2016 and Post Period Highlights Significant technical developments Morocco Closed on farm-out on Rabat Deep securing a drilling partner to deliver near zero cost exploration Awarded Mohammedia Exploration Permits and secured Kenitra Exploration Permit to capture the follow-on potential from the RD-1
Slide 5: Audited Results – Year Ended 31 December 2016
Audited Results – Year Ended 31 December 2016 Year to 31 December Year to 31 December 2016 2015 Audited Audited Capital discipline – 2016 year end cash of US$m US$m US$25.0m Income Statement Extract G&A decrease primarily due to G&A (3.5) (4.4) optimisation of personnel and Board Impairment of explo
Slide 6: Capital discipline and allocation of funds
Capital discipline and allocation of funds Prudent financial management of funds 2013 to date: Reduction in Annual Cash Overhead (US$m) 2013 to date: US$68.3m End 2012 Cash Investment in the portfolio US$38.5m US$25.0m YE 2016 Cash* Cash position: Farm-in recoveries YE 2016 cash US$25.0m Cash in exc
Slide 7: Planned Activity
Planned Activity Country Licence 1H 2H 1H 2H 1H 2017 2017 2018 2018 2019 MOROCCO Rabat Deep 10% Drill RD-1 Zero Cost Funded well JP-1 Carried well 768mmbbls** MOROCCO Mohammedia 2D Drilling* Drilling* Kenitra Well Partnering Seismic Kenitra-A 3D LKP-1a commitment 75% 464mmbbls*** 350mmbbls** NAMIBIA