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Oil Capital
EPIC: CHAR
Market: AIM
Sector: Energy
Market Cap: 34.24M
Phone: +44 (0)20 7318 0450
Address: 36 Dover Street, London W1S 4NH.
Website: www.chariotoilandgas.com

Chariot Oil and Gas is an independent oil and gas exploration company focsued on creating transformational stakeholder value through the discovery of material accumulations of hydrocarbons.

Chariot Oil and Gas is an independent AIM-listed Atlantic margins oil and gas exploration company:

  • Three licences offshore Morocco
  • Four licences offshore Brazil
  • Three licences covering four blocks offshore Namibia
  • Holds acreage of c.44,000km2 (gross)
  • Highly prospective regions – frontier, established and emerging basins
  • Giant potential - 1.2bnbbls+ gross mean prospective resources

Chariot Oil is traded in the NEX Exchange HERE

Chariot Oil and Gas

www.chariotoilandgas.com

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Chariot Oil and Gas Snapshot

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:

Strategy.PNG

Access

  • 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
     

De-risking

  • 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

 

Drilling

  • 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
     

For more information on Morocco, please click here

For more information on Brazil, please click here

For more information on Namibia, please click here

George Canjar

GEORGE CANJAR - Non-Executive Chairman

George has more than 35 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 Director of New Business Development for Hess Corporation. George's career began with Royal Dutch/Shell Oil, followed by seven years Carrizo Oil & Gas as Vice President of Exploration and Development and more recently he was Executive Vice President and Chief Operating Officer for Davis Petroleum Corporation for seven years. He has been technical director at Hess since July of 2012. His career has spanned a broad spectrum of the E&P sector involving all petroleum engineering and exploration disciplines as well as a variety of corporate activity. His expertise lies in acquisitions/divestitures, deal structuring, portfolio development, risk analysis and strategic modelling. He has typically served as the operational catalyst for integrating technical management, financing and commercial alignment in bringing successful projects to first production.

 

Larry Bottomley

LARRY BOTTOMLEY - Chief Executive Officer

Larry has worked in the oil and gas industry for over 35 years and has a significant track record of building exploration and production businesses on the international stage, delivering transformational growth and shareholder value.

Larry has worked across a broad spectrum of exploratory and business development roles worldwide, in senior leadership roles with Perenco SA, Hunt Oil, Triton Energy and BP. He has a strong background in integrated geosciences, team management and relationship building and a key aspect of his work has been in the creation, development and delivery of significant drilling programmes that have led to the discovery and development of giant oil fields.

 

ADONIS POUROULIS

ADONIS POUROULIS - Non-Executive Director

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 and exploration of natural resources.

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, London's largest listed diamond producer. Adonis is the founder and chair of the Pella Resources Group which is the holding company for a number of mining and oil and gas businesses primarily based in Africa. Pella is also engaged in a number of charitable initiatives which aims to help empower the communities in which it operates.

 

ROBERT SINCLAIR

ROBERT SINCLAIR - Non-Executive Director

Robert is Managing Director of the Guernsey-based Artemis Trustees Limited and a Director of a number of investment Fund Management companies and Investment Funds associated with Artemis Trustees Limited.

Robert is Chairman of Schroder Oriental Income Fund Limited,Chairman of Sirius Real Estate Limited, a Director of Picton Property Income Limited and Chairman of its Audit Committee and a Director of Secure Property Development & Investment PLC. 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.

For information on the management team, please click here

SIGNIFICANT SHAREHOLDERS*

  %
Westward Investments (Adonis Pouroulis – Non-Executive Director) 10.6
TD Direct Investing 8.1
Protech Namibia  7.5
Hargreaves Lansdown Asset Management 7.4
Barclays Wealth 6.1
Halifax Share Dealing 4.9
Richard Griffiths 4.9
Sprott Asset Management 4.8
Interactive Investor 3.8
Newlands Capital 2.9
Total Board and Senior Management 11.1
 

*Figures as per latest Equiniti shareholding analysis 31.12.2016

 

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