Namibian quiver trees

History and Corporate Structure

Chariot Oil & Gas Limited

(incorporated in Guernsey)*

Chariot Oil &
Gas Investments

(Namibia) Limited

(incorporated in Guernsey)

Chariot Oil &
Gas Investments

(Mauritania) Limited

(incorporated in Guernsey)

Chariot Oil &
Gas Investments

(Morocco) Limited

(incorporated in Guernsey)

Chariot Oil &
Gas Statistics
Limited

(incorporated in UK)

Chariot Oil &
Gas Investments

(Brazil) Limited

(incorporated in Guernsey)

Chariot Brasil
Petróleo
e Gás Ltda

(incorporated in Brazil)

Enigma Oil &
Gas Exploration

(Pty) Limited

(incorporated in
Namibia)

Chariot Oil &
Gas Finance

(Brazil) Limited

(incorporated in Guernsey)

*Quoted Investment Company

 

  • Approval of the Farm Out Agreement with 
        Eni in Rabat Deep Offshore,Morocco
 

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  • Approval of the Farm Out Agreement with Eni in Rabat Deep Offshore, Morocco
 

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  • Expiry of Loukos Morocco - decision not to enter next phase of exploration in order to focus on priority prospects
  • 8ookm3D seismic survey completed offshore Brazil

  • 2,600km2 3D seismic survey completed in Central Blocks, Namibia
  • Drilling farm-out secured with ENI
  • Decision not to move into the First Renewal Phase for C-19, Mauritania
  • Completed conversion of Mohammedia Reconnaissance licence into Exploration Permits

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  • Completion of 2D seismic aquisition, Central Blocks, Namibia
  • License extension on Block C-19, Mauritania
  • Resource Update in Morocco, independent Competent Persons Report ("CPR") on 3D seismic confirms prospectivity with gross mean prospective resources of 768mmbbls evaluated for JP-1 prospect and several other prospects with significant follow-on potential highlighted
  • Resource Update of C-19, Mauritania, independent CPR confirmed four giant prospects ranging from single target to multi-stacked prospects
  • Seabed coring aquisition completed in Morocco and Mauritania
  • Enviromental Impact Assessment ("EIA") submitted and awaiting approval prior to initiating 3D seismic programme, Brazil
  • All commitments satisfied in Southern Blocks, Namibia. Processing of 2D data underway

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  • Completion of 2D seismic offshore 2714B
  • Award of Mohammedia Reconnaissance Licence, offshore Morocco 
  • Completion of 3D seismic acquisition offshore Morocco
  • Woodside farmed in for a 25% equity interest of the Rabat 
    Deep licence offshore Morocco in return for paying 100% 3D 
    seismic data costs, back costs on the block and a carry on 
    additional data acquisition
  • Raised US$15m - July
  • New licences granted for Central Blocks 2312 & 2412A and Southern Block 2714A, offshore Namibia, achieving fast follower positioning
  • Opted not to apply for a new exploration licence in the
    Northern Blocks 1811A&B, offshore Namibia, in October

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  • 3,500km2 3D seismic acquisition on Central Blocks complete – processing and interpretation underway
  • Placing raising US$48.7m, 20 March
  • Tapir South exploration well spud 5 April, reached total depth of 4,879m TVDss on 11 May. Excellent reservoirs penetrated, no commercial hydrocarbons found
  • Additional asset, Block C19 offshore Mauritania, introduced to the portfolio, 10 April
  • Kabeljou exploration well spud 27 July, reached TVDss of 3,150m on 8 September. Source rock encountered but no commercial hydrocarbons were found
  • Further acreage acquired offshore Morocco: Loukos, Casablanca/Safi and Rabat Deep, October
  • Second Renewal Phase approved on Northern Blocks 1811 A&B and Southern Block 2714B offshore Namibia
  • 3,500km2 3D seismic acquisition programme commenced offshore Mauritania with FugroGeoteam, 17 November

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  • Mega structure identified in Southern Blocks attributing 3.1bnbbls to gross mean prospective resources – up 30% to 13.2bnbbls, 9.7bnbbls net to Chariot
  • Further 700mmbbls of resource potential identified in Northern Blocks – up 36% to 13.9bnbbls, 10.4bnbbls net to Chariot
  • Raised US$140m (net)
  • Further 1.5bnbbls of resource potential identified in Southern Blocks – up 11.5% to 15.5bnbbls, 8.9bnbbls net to Chariot (post farm-outs)
  • BP farms into Block 2714A, PGS (holding now held by AziNam, a PGS company) farms into Blocks 2312A&B and Northern halves of 2412A&B
  • Further 3.9bnbbls of resource potential identified in Central Blocks – gross mean prospective resources now 20.0bnbbls, 12.5bnbbls net to Chariot
  • 3D Geostreamer seismic acquisition programme in Central Blocks extended from 2,500km2 to 3,500km2 and commenced

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  • Completed acquisition of 3,000km of 2D seismic and 4,500km2 of 3D
  • Dataroom opened in London
  • Increase in gross prospective resources, up 62% to 8.5bnbbls, 7.4bnbbls net to Chariot
  • First Renewal Phase approved
  • 11 prospects and six leads identified from 3D datasets
  • Further increase of gross prospective resources up 18% to 10.1bnbbls, 8.2bnbbls net to Chariot
  • Independent CPR confirmed Chariot’s estimate of gross mean prospective resource volumes

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  • Petrobras farms into Block 2714A
  • Completion of seismic acquisition programmes
  • Appointment of CEO, Paul Welch, from Royal Dutch Shell, Hunt Oil & Pioneer Natural Resources
  • Progressed additional opportunities

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  • Listed on AIM in May, raised £45m
  • Reprocessing produces 1 prospect and 22 leads
  • 2D and 3D seismic acquisition programmes commenced across all offshore blocks

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  • Guernsey-based company formed to acquire 2 exploration businesses with Namibian licences
  • Initial exploration work commenced

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