Chariot Ltd. (OIGLF)

[DrillaHill]

Cash & Assets potentially worth 1514% of MarketCap

Market Cap US$21.67 million (@ US$0.082/share (5.5p), 12/02/2015)
Cash US$45.5 million (July 15)
Potential Asset Value based on Farm down History and 3D
US$282.65 million

Cash & Assets potentially worth
US$328.15 million; US$1.25/share; 1514% of MarketCap


Chariot O&G Farm Down History:

BP Namibia Southern Block 2714A 25%
(5,480km² total)
~US$30 million
US$21,897 per 1km²

AziLat Brazil BAR-M-292, -293, -313, -314 25%
(768km² total)
~US$4 million
US$21,000 per 1km²

Cairn Mauritania C-19 35%
(12,175km²)
~US$26 million
US$6,078 per 1km²

PGS (AziNam) Namibia Central Blocks 2312A&B & 2412A&B 10%
(16,800km²)
~US$10 million
US$5,952 per 1km²

PetroBras Namibia Southern Block 2714A 50%
(5,480km²)
~US$16 million
US$5,840 per 1km²

Woodside Morocco Rabat Deep 25%
(10,782km²)
~US$13 million
US$4,823 per 1km²


Potential Asset Value based on Farm down History & 3D:

Namibia Central Blocks (16,800km²):
Chariot 65% (Operator), AziNam 20%, NAMCOR 10%, Ignitus 5%
Potential Farmout Value:
(US$6,000*16,800km² = US$101MM + (3,500km²) 3D ~US$26 million) * 0.65
= US$82.42 million

+

Namibia Southern Blocks (10,945km²):
Chariot 85% (Operator), AziNam 10%, Quiver 5%
Potential Farmout Value:
(US$6,000*10,945km²)*0.85
= US$55.82 million

+

Mauritania C-19 Block (12,175km²):
Chariot 55% (Operator), Cairn 35%, SMH 10%,
Potential Farmout Value:
(US$6,000*12,175km² + (3,500km²) 3D ~US$26 million)* 0.55
= US$54.48 million

+

Brazil Bar-M Blocks (768km²):
Chariot 100% (Operator),
Potential Farmout Value:
(US$21,000*768km² + (800km²) 3D ~US$15 million)* 1.00
= US$31.12 million

+

Morocco Rabat Deep Block (10,782²):
Chariot 50% (Operator), Woodside 25%, ONHYM 25%
Potential Farmout Value:
(US$5,000*10,782km² + (1,075km²) 3D ~US$10.75 million)* 0.5
= US$32.33 million

+

Morocco Loukos Block (1,155km²):
Chariot 75% (Operator), ONHYM 25%
Potential Farmout Value:
(US$5,000*1,155km² + (250km²) 3D ~US$2.5 million)* 0.75
= US$6.21 million

+

Morocco Mohammedia Block (4,654km²):
Chariot 75% (Operator), ONHYM 25%
Potential Farmout Value:
(US$5,000*4,654km² + (375km²) 3D ~US$3.75 million)* 0.75
= US$20.27 million

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= US$282.65 million