Namibian quiver trees

Investment Case

Chariot represents an opportunity to invest in the underexplored but highly prospective regions of the Atlantic margins that sit outside of the traditional, more densely explored parts of the fairway. With its assets in frontier, established and emerging hydrocarbon provinces, Chariot has balanced its risk profile and secured acreage in areas that have established petroleum systems with the potential to hold giant discoveries. The highly experienced team continues to progress the portfolio whilst maintaining its de-risking strategy, building towards the creation of significant value and the generation of sustainable growth over the long term.

  • Explore in new and emerging provinces
  • Take large operated equity positions in the early phases of exploration
  • Manage risk through: levered partners, portfolio diversity and application of technology
  • Apply capital discipline
  • Access - De-Risk - Drill

Back to top

  • 9 licence areas, 3 countries, c.44,000km2 (gross)
  • Giant potential - 1.2nbbls + gross mean prospective resources

Back to Top

  • Track record of accessing quality acreage ahead of the industry
  • Over 200 years of E&P experience
  • E&P operations experience in 31 countries
  • Over 40 discoveries; 14 major discoveries
  • Acquired, processed and interpreted over 13,000km2 of 3D data to date
  • Successfully operated an ultra-deepwater well

Back to Top

Near term value add opportunities
 
  • Key catalysts: Partnering processes ongoing; Opportunistic approach to balancing portfolio risk; Drilling - JP-1 well alongside Eni and Woodside, and further drills (subject to partnering)
  • Multiple opportunities for "closeology" impact with numerous third party drilling campaigns
 
  • No debt, all commitments fulfilled
  • Planned work programme  fully funded
  • Cash balance as at 31 December 2016 of US$25.0m (unaudited)
  • Looking to leverage partnering to access further third party funding

Back to Top