Namibian quiver trees

Strategy

Chariot's goal is to create transformational stakeholder value through the discovery of material accumulations of hydrocarbons. This will be achieved with a focused strategy:

Delivering on Strategy

Strategy.PNG

  • Expanded portfolio in high potential, new and emerging basins characterised by flexible work programmes and excellent contract commercial terms
  • Currently operator of all but one licence- operatorship transferred for drilling 
  • Assets in 3 countries, 4 basins and 5 plays in 6 licence areas 

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  • De-risked multiple assets at low cost through seismic, partnering & 3rd 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 G&A from $9.4m to $5.0m*

       * 2013 G&A compared to estimated G&A for 2016


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  • Demonstrated operational capability by successfully operating a deep water well & multiple seismic programmes
  • Built a giant-scale drill-ready inventory of high quality opportunities using in-house skillls and experience - key to success in farm-outs
  • 4 drill-ready prospects, all transformational in the "lower-for-longer" oil price environment
  • Secured a capped carry on One funded well, to be drilled in 2018

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