About Chariot

Highlights:

An oil and gas exploration company with highly prospective opportunities offshore Namibia.
Namibia - underexplored frontier region - 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 indcate working petroleum system
Farm-out agreed with Petrobras on block 2714A
- Strengthened cash position
- Highly experienced partner in deep water exploration and development
- Third party endorsement of Namibia's prospectivity and potential
Very large oil targets - maturing prospect and lead inventory - gross mean prospective resources of 8.5 billion barrels of oil
Further farm-out opportunities are being pursued as Chariot looks to further mitigate risk and expedite exploration and development
Dataroom opened in London in February 2010
Multiple expressions of interest on reviewing processed 3D seismic data
Looking to introduce nearer term assets in order to balance risk profile and generate earlier cashflows

GBp 125.88

+0.09p (0.07%)

14:40 29/07/2010

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