Overview

Key highlights:

Licences covering eight offshore blocks
Licences of strategic interest:
- In counterpart margin to petroliferous province offshore Brazil
- South of prolific basins offshore Angola
- Applying same suite of analysis tools used to help identify potential petroleum systems in the pre-salt, deepwater offshore Brazil
Farm-out agreed with Petrobras on one of eight exploration blocks, 2714A, offshore southern Namibia
Multidisciplinary exploration approach has demonstrated that offshore Namibia contains mature source rocks and hydrocarbon migration pathways to reservoirs
One prospect and 25 leads in Chariot's blocks to date (four additional prospects in Southern blocks created by stacking leads)
Deep water exploration - underexplored with only 3 wells drilled to date in water depths greater than 500m - early stages but receiving increased interest
Oil seepage slicks from RadarSat imagery indicate working petroleum system
Potential to become a major oil and gas province