About Chariot

HIGHLIGHTS

An oil and gas exploration company with highly prospective opportunities offshore Namibia.
Namibia - underexplored frontier area - high impact exploration
Geology analogous to proven South Atlantic margin plays (opposite margin to Brazil and south of Angola)
Close proximity of oil, natural gas and condensate accumulations - oil seepage slicks indicate working petroleum system
Farm-outs agreed with Petrobras and BP on block 2714A
- Highly experienced partner in deep water exploration and development
- Third party endorsement of Namibia's prospectivity and potential
Farm-out agreed with Petroleum Geo Services (PGS) on Central blocks (2312 A&B and N/2 of 2412 A&B)
- One of the world's leading seismic companies
- Recognition of potential in least mature blocks of Chariot's portfolio
Very large oil targets - gross mean prospective resources of 20.0 billion barrels of oil (12.5 bbbls net to Chariot)
Maturing prospect and lead inventory - 15 prospects, 16 leads to date
Mega Structure identified in Southern block - attributing 4.9 billion barrels to gross mean prospective resources
EMV of £11.2 billion (P50) – corresponding to £7.47/bbl (US$12.00/bbl) per net risked bbl
Further farm-out opportunities are being pursued - Negotiations at advanced stages
Looking to introduce nearer term assets
Raised US$140m (net of expenses)