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AIM:CHAR

Chariot Oil and Gas plc

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Market:
AIM
Market Cap:
£7.1 m
Price
1.87 GBX
Change
0.78%
52 weeks high
4.75
52 weeks low
1.26

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

UK, Morocco, Namibia and Brazil.

GEORGE CANJAR
Chairman

George has more than 39 years of experience in the oil industry and began his career at Shell, having graduated with a BSc in Geologic Engineering from the Colorado School of Mines. George is currently Executive Vice President of New Ventures for Carrizo Oil and Gas.

His career began with 17 years at Royal Dutch/Shell Oil. He then became a founding member of Carrizo Oil & Gas serving as Vice President of Exploration and Development for seven years. More recently he was Executive Vice President and Chief Operating Officer for Davis Petroleum Corporation for seven years. George then served as Technical Director of Global New Business Development at Hess Corporation between 2012 and 2018.  His career has spanned a broad spectrum of the E&P sector involving all petroleum engineering, development, and exploration disciplines as well as corporate planning and finance. His expertise lies in deal structuring, A&D, portfolio optimization, risk analysis and tactical execution. George has repeatedly been the catalyst that integrated technical management, finance and commercial alignment to project implementation.

 

ADONIS POUROULIS
Acting Chief Executive Officer

Adonis, one of the founders of Chariot and its Namibian, 100% owned, operating subsidiary Enigma, is a mining entrepreneur whose expertise lies in the discovery, exploration and development of mineral resources including diamonds, precious / base metals, coal and oil and gas, and bringing these assets into production.

Adonis has worked in the sector for over 25 years and has been influential in the founding, financing and growth of a number of companies, including Petra Diamonds. Adonis founded Petra in 1997 and it became the first diamond company to float on AIM. He has since chaired Petra as it has developed into a mid-tier diamond producer of global significance and London’s largest quoted diamond mining group, moving onto the main market of LSE in 2011. Adonis is the founder and chair of the Pella Resources Group, an African focused natural resource group. Pella has created a strong track record in exploration and mine development across the continent, with goal to generate early stage private companies and develop them into individual private / public companies.

 

ROBERT SINCLAIR
Non-Executive Director

Robert has over 50 years experience in finance and accountancy 40 years of which have been gained in Guernsey. He was a director of a number of Investment Fund Management companies and Investment Funds of clients of Artemis Trustees Limited, where he was a director for a number of years.

Robert is a Director of Rainbow Rare Earths Limited, which is listed on the London Stock Exchange. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a Member of the Institute of Chartered Accountants of Scotland, and is resident in Guernsey. Robert represents the interests of Westward Investments Limited, a major shareholder of Chariot.

 

CHRIS ZEAL
Non-Executive Director

Chris has over 30 years of experience in the City providing top level advice to boardrooms across a wide range of sectors. In this period he has been retained by some 20 FTSE100 companies including British Gas, Cairn Energy, and Tullow Oil.

Most recently he was Managing Director at Jefferies Hoare Govett (a division of Jefferies Inc.) specialising in corporate broking and investment banking. Prior to this, he held a similar role at Citigroup. Originally, he trained and qualified as a Chartered Accountant with KPMG. Chris is a Director of Ventus VCT plc, a company invested in a portfolio of companies operating wind and hydroelectric renewable energy assets in the UK.

 

ANDREW HOCKEY
Non-Executive Director

Andrew has over 35 years’ experience in the oil & gas industry, with specific expertise in the development and production of gas assets in the UKCS sector.

Andrew was a founder of Fairfield Energy Limited with whom he is a Non-Executive Director and was previously a Non-Executive Director and Chairman of Sound Energy Plc, a mid-cap Moroccan gas company. He has previous experience with Eni, Fina, LASMO, Triton Energy and Monument. Andrew is currently CEO of Independent Oil and Gas Plc, a UK-based development and production operator with assets in the Southern North Sea gas basin.

DUNCAN WALLACE
Technical Director

Duncan is a geologist with over 15 years of experience in exploration and production. After graduating with an MSc from Imperial College he joined Perenco, where he held a wide variety of technical and management positions, ranging from onshore and offshore exploration studies, field development, production, operations and new ventures. This experience focussed largely on the African Atlantic margin and Andean foreland basins in Latin America.

He served as Country Manager for Perenco in Brazil, where he had the responsibility to oversee a full cycle of exploration in a new country, from office setup, to seismic acquisition and processing, exploration studies and well planning, to the execution of a deepwater exploration drilling campaign. Subsequent to this, Duncan was the New Ventures Exploration Manager, with global responsibility for the identification and evaluation of new acreage and farm-in opportunities. Duncan joined the Chariot team in 2013.

INVESTOR / MEDIA RELATIONS CONTACT

Celicourt Communications Limited
Orion House, 5 Upper St Martin’s Lane,
London
WC2H 9EA
Tel: +44 (0) 208 434 2754
Mob: +44 (0) 7557 586 327
Email: [email protected]

REGISTERED OFFICE

Chariot Oil & Gas Ltd
Regency Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 1WW

UK REPRESENTATIVE OFFICE

Chariot Oil & Gas Statistics Ltd
19-21 Old Bond Street
London
W1S 4PX
United Kingdom
Tel: +44 (0) 207 318 0450
Email: [email protected]

BRAZILIAN OFFICE

Chariot Brasil Petróleo e Gás Ltda
Praia de Botafogo 501, sala 207
Torre Corcovado, Botafogo
Rio de Janeiro
CEP 22 250-0040
Tel: +55 (0) 21 2546 9911

Nominated Advisor & BrokerfinnCap Limited
60 New Broad Street
London
EC2M 1JJ
United Kingdom

Legal Advisors to the Company

As to British Law

Memery Crystal LLP
44 Southampton Buildings
London
WC2A 1AP
United Kingdom

Legal Advisors to the Company

As to Namibian Law

Lorentz Angula Inc.
Windhoek
3rd floor
LA Chambers
Ausspann Plaza
Windhoek
Namibia

Legal Advisors to the Company

As to Guernsey Law

Babbé
PO Box 69
18–20 Smith Street
St Peter Port
Guernsey
GY1 3EL
Channel Islands

Legal Advisors to the Company

As to Moroccan Law

Gide Loyrette Nouel
Tour Crystal
1 Boulevard Sidi Mohamed Ben Abdellah
Quartier Casablanca Marina
Casablanca
20030
Morocco

Legal Advisors to the Company

As to Brazilian Law

Schmidt Valois
Rua da Assembleia, 66 – 17º andar
20011-000
Rio de Janeiro RJ
Brazil

Auditor

BDO LLP
55 Baker Street
London
W1U 7EU
United Kingdom

Financial Public Relations Advisor

Celicourt Communications Ltd
Adam House
7-10 Adam Street
London
WC2N 6AA
United Kingdom

Registrars

Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU
United Kingdom

Company Secretary

Oak Fund Services (Guernsey) Ltd
PO Box 282
Regency Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 3RH
Channel Islands

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