Company Information for Chariot Oil and Gas Ltd

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AIM; CHAR View full financial data

Company Statement

Chariot Oil and Gas Limited (AIM: CHAR) is an independent oil and gas exploration company with interests in Namibia.

Chariot has highly prospective licences in Namibia – strategically positioned within the South Atlantic Margins (counterpart margin to that of Brazil where major discoveries have been announced). All of these blocks are in the exploration phase and seismic programmes have been completed across all of Chariot’s eight offshore blocks. Chariot received early stage third party endorsement of Namibia's prospectivity and potential following a farm-out to Petrobras in May 2009. 

Operations and Technology

Overview
Key highlights:

• Licences include eight offshore Namibia blocks covering 5,481 sq km in the South Orange Basin: These are Northern Blocks 1811 A & B, Blocks 2312  A&B and 2412 A&B ( the Central Blocks) and Block 2714B ( which together ( which together Block 2714A comprise the Southern Blocks)
• Licences of strategic interest:
  - In counterpart margin to highly prospective province offshore Brazil
  - South of prolific basins offshore Angola
  - Applying same suite of analysis tools used to help identify potential   petroleum systems in the pre-salt, deepwater offshore Brazil
• Deep water exploration - underexplored with only 3 wells drilled to date in water depths greater than 500m
• One prospect and 22 leads in Chariot's concession areas established to date.
• Farm-out agreed with Petrobras on one of eight exploration blocks, 2714A, offshore southern Namibia
• Completion of a 600 3D seismic programme of 600 km2 in December 2009 means all outstanding work commitments across the eight blocks have been met.. This in turn means Chariot has been able to extend licence terms and was able to set up data rooms early in 2010 to seek further farm-ins.

Geographical Spread

Namibia

Board of Directors and Key Management

Directors
Peter Kidney	Non-executive Chairman
Paul Welch	Chief Executive Officer
James Burgess	Commercial Director
Heindrich Ndume	Country Director Namibia
Adonis Pouroulis	Non-executive Director
Robert Sinclair	Non-executive Director
Senior Management
Dr. Frederico Ribeiro	Exploration Manager
Siegfried Baumgartner	Namibia exploration team

Company Address 36 Dover Street London, United Kingdom W1S 4NH Email: chariot[at]hogarthpr.co.uk Website: http://www.chariotoilandgas.com

Additional Address/Key Contact Registered office: Chariot Oil & Gas Limited c/o Artemis Securities Limited PO Box 100 Sydney Vane House Admiral Park St Peter Port Guernsey GY1 3EL Enigma office: Enigma Oil & Gas Exploration (Pty) Limited 13th Floor Sanlam Centre Independence Avenue Windhoek Namibia +264 (0) 61 300 470

Capital Number of shares in issue: 141,173,471

Year End 28 February

Nominated Brokers BMO Capital Markets Limited 95 Queen Victoria Street London EC4V 4HG United Kingdom

Nominated Advisors KPMG Corporate Finance 8 Salisbury Square London EC4Y 8BB United Kingdom

Major Shareholders

Shareholders	%*
ICM	17.98
Westward	16.18
Protech Namibia	15.85
Al Rajhi Holdings W.L.L	9.73
Credit Suisse International	3.15
Photon Global	5.94
Libra Advisers	4.69
Board	1.87
*(as at 2/11/09)

Related News

07/01/10 - Chariot Oil & Gas Completes Seismic Work On Its Offshore Namibia Acreage
05/11/09 - Chariot Oil & Gas Crunches The Seismic Data On Namibia As It Prepares To Open Data Room In Q1 2010

Most Recent Statement

05/01/10 - Completion of seismic acquisition
16/11/09 - Holding(s) in Company
13/11/09 - Grant of Options (Replacement)
02/11/09 - Interim Results
14/10/09 - Holding(s) in Company
14/10/09 - Price Monitoring Extension