Chariot Ltd. (OIGLF)

[DrillaHill]

1H17-Results - Targeting 3 wells in the near-term

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Asset Outlook
? Target to drill three wells in the near-term in the Moroccan and Namibian licence areas.
Morocco:
? Rabat Deep: spud anticipated on the JP-1 prospect (768mmbbls gross mean prospective
resources) in the latter part of Q1 2018. This well has the potential to de-risk an additional 6
Jurassic leads ranging from 119 to 1,041mmbbls gross mean prospective resources in the
Rabat Deep permits.
? Mohammedia and Kenitra: processing of the 2D and 3D seismic campaign, acquired in Q1
2017, across the south of the greater LKP area and Kenitra is ongoing with interpretation to
commence thereafter.
? LKP-1a (Mohammedia Permits) is drill-ready with the 1,027km2 3D campaign targeting
additional prospectivity in this area and to mature the Kenitra-A lead (Kenitra Permit) to drill
ready status. Preparation for drilling underway and a dataroom across both licences currently
open.
Namibia:
? Central Blocks: Preparation for H2 2018 drilling underway with Prospect S (gross mean
prospective resources 459mmbbls) identified as a priority prospect – additional partner
participation process ongoing with a dataroom open.
Brazil:
? Detailed seismic interpretation continues with a defined prospect and lead inventory anticipated
to be completed for the opening of a dataroom in Q4 2017.