Our Vision

Chariot’s goal is to create transformational stakeholder value through the discovery of material accumulations of hydrocarbons

What we do and how we do it

Access

Secure large acreage positions in new and emerging basins

Take operated positions in the early phases to maintain control over destiny

Build a diversity of basins and plays

Retain broad portfolio and risk profile

Risk Management

Apply risk reduction technologies

Levered partnering at investment phases

Position the portfolio as a Fast Follower

Maintain portfolio diversity and management

Maintain strict Capital Discipline

Delivery

Build a Drill-ready Inventory

Accelerate the drilling programme

Return transformational shareholder value by the early monetisation of discoveries

Our progress to date

Access

Secured large equity positions in high potential, new and emerging basins characterised by flexible work programmes and excellent contract and commercial terms

Acquired a balance of assets in three countries, four plays in five licence areas

Risk Management

De-risked multiple assets at low cost through seismic, partnering and third party drilling

Levered partnering with major industry players: Eni, Woodside, Cairn, BP and Petrobras

Actively managed the portfolio with both relinquishments and acquisitions

Demonstrated capital discipline, reducing annual cash overhead from $9.4m in 2013 to below US$5 million

Delivery

Demonstrated operational capability by successfully operating two deep water wells and multiple seismic programmes

Built a giant-scale drill-ready inventory of high quality opportunities using in-house skills and experience – key to success in farm-outs

Accelerated drilling through partnering and capitalising on the recent low cost oil price environment