Overview

Key highlights:

Licences covering eight offshore blocks-one of largest in Namibia - 38,725km²
Strategically positioned across three geologically distinct basins
Charge maturity of basins indicate that Chariot's licences are situated within the oil window
One prospect and 25 leads identified in Chariot's licences areas to date - gross unrisked mean prospective resources of 8.5bbbls
Farm-out agreed with Petrobras for 50% stake in block 2714A
Prospect portfolio includes several large structural traps and combination structural/stratigraphic closures
Newly acquired seismic data combines evidence of these structures with direct hydrocarbon indicators
Chariot has a solid working relationship with the Namibian government and all petroleum agreements held through Enigma are in good standing.