Operations Overview

Morocco

Drill-ready Inventory
Prospective resources

768mmbbls**
350mmbbls**

Brazil

Lead Inventory
Prospective resources

300-500 mmbbls***

Namibia

Drill-ready Inventory
Prospective resources

469mmbbls**
8.1Tcf**

Morocco

Emerging hydrocarbon province

  • “Drill-ready”
  • Drilling partner secured for priority prospect in Rabat Deep (prospective resources of 768mmbbls**)
  • Seismic commitments

Morocco Overview

Licence Overview

Three strategically positioned licence areas

Exploration Detail

Increased interest in offshore Morocco

Investment Climate

Robust economy with excellent fiscal terms

Namibia

Frontier hydrocarbon province

  • ‘’Drill-ready’’*
  • Operator, large equity position, partnering 2017
  • Priority prospect prospective resources of 469mmbbls**
  • No remaining commitments

Namibia Overview

Licence Overview

Four blocks located over two geologically distinct basins

Exploration Detail

Explaining the Luderitz and Orange Basins

Investment Climate

Stable democracy, encouraging international foreign investment

Brazil

Former hydrocarbon province

  • ‘’Drill-ready’’ Q1 2018*
  • 775km2 3D acquire – in processing
  • Operator, large equity position, partnering 2016
  • Prospective resources of 300mmbbls***
  • No remaining commitments

Brazil Overview

Licence Overview

Four shallow water blocks adjacent to major explorer

Exploration Detail

Conjugate basin to Ghana and Côte d’Ivoire

Investment Climate

Significant player in world markets

* Subject to acquiring partners ** Netherland Sewell and Associates Inc. (’’NSAI’’) estimate of gross meanprospective Resources *** Internal Chariot estimate