Investor Presentation Disclaimer and forward looking statements

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The information contained in the Presentation Materials is subject to amendment, revision and updating in any way without notice or liability to any party. The presentation materials contain forward-looking statements which involve risk and uncertainties and actual results and developments may differ materially from those expressed or implied by these statements depending on a variety of factors. All opinions expressed in these Presentation Materials are those solely of the Company unless otherwise stated. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information or opinions contained herein, which have not been independently verified. The delivery of these Presentation Materials shall not at any time or in any circumstance create any implication that there has been no adverse change, or any event reasonably likely to involve any adverse change, in the condition (financial or otherwise) of the Company since the date of these Presentation Materials.

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www.chariotoilandgas.com

2 Executive Team

ADONIS POUROULIS PIERRE RAILLARD Acting Chief Executive Officer Country Director Adonis, one of the founders of Chariot and is a Pierre brings to Chariot over 25 years’ operational mining entrepreneur whose expertise lies in the and management experience in the energy discovery, exploration and development of industry, with specific expertise in the mineral resources. development of natural gas projects in . Adonis has worked in the sector for over 25 years He joins the Company from Orca Energy Group, and has been influential in the founding, financing which he returned to as Head of Business and growth of a number of companies, including Development having previously played a key role Petra Diamonds. Adonis is the founder and chair in the development of the Songo Songo gas field, of the Pella Resources Group, an African focused located offshore Tanzania, which is analogous to natural resource group. Chariot’s Anchois gas project. Adonis has been a member of the board since IPO Pierre has also held leadership roles at African and took the role of Acting CEO in July 2020 Petroleum Corporation, Perenco and OneLNG.

JULIAN MAURICE-WILLIAMS DUNCAN WALLACE Chief Financial Officer Technical Director Julian is a Chartered Accountant with over ten years of experience in the Duncan is a geologist with 20 years of experience in exploration and oil and gas sector. Prior to being promoted in May 2015 Julian was production. After graduating with an MSc from Imperial College he joined Chariot’s Group Financial Controller for 3 years. Perenco, where he held a wide variety of technical, business development and management positions, including Brazil Country Manager Before joining Chariot in 2012 he was a manager within BDO LLP’s natural resources department in London where his client portfolio included Main Duncan joined the Chariot team in 2013 and since then has overseen the Market, AIM and ASX quoted oil and mining companies with exploration company’s exploration operations, stakeholder relations, managed farm- and production assets primarily in Africa, the Former Soviet Union, South down processes and new ventures activity which in 2018-19 successfully America, Australia and Asia. identified and captured the Lixus Offshore area in Morocco. Julian joined the board in July 2020. Duncan joined the board in July 2020.

3 Recent News

7 September 2020 - Resource

5 October 2020 – Gas Market

28 October 2020 - Financing

14 December 2020 – Further Upside

4 Plan for 2021 – Building an African Energy Transition Group

Transitional Power

Transitional Gas

Positive Impact

5 Transitional Gas - Lixus Offshore – Anchois Gas Project

SPAIN Since licence was awarded in May Rissana Mediterranean 2019, Chariot has completed the Chariot Atlantic Ocean Morocco following work:

GME

MOROCCO Lixus • 3D Seismic PSDM reprocessing

ALGERIA • Independent Resource Assessments

Anchois-1 M21 Valve Station • Anchois Development Feasibility Study and Pre-FEED Engineering Ain El Hamra Field legacy oil production • Morocco Gas Market and Anchois Monetisation Study

RSD-1 SDX Energy Gas Expression of Interest on Production 5-6 • mmscfd to industrial development financing customers6 at Kenitra Anchois Gas Discovery (2009) – B Sand RSD-1 exploration well (ENI, Woodside, Chariot, 2018) -ve 0 RABAT

Jurassic light oil A Sands legacy production Mohammedia B Sands Anchois-1 Casablanca

Lixus 3D 1400 km2 Oil Fields 1 km

Moh / Ken 3D 2700 km2 Gas Fields

6 Resources

Anchois-1 Appraisal CONTINGENT RESOURCES PLIOCENE

Exploration potential MIOCENE Proven fault block, in Pliocene under Exploration drilled by the evaluation A&B Sand Appraisal sidetrack discovery well (~2C) A Sand 115 Bcf well option Gas identified on PSDM in additional +128 Bcf B Sand 247 Bcf fault blocks (~3C)

Gas in PROSPECTIVE RESOURCES well Exploration ANCHOIS C&M Sands deepening Gas identified ANCHOIS FOOTWALL in additional 185 Bcf PROSPECT Low risk gas sands - fault blocks DEEP gas/reservoir proven by Water-bearing, good PROSPECT quality M sand O Sand 147 Bcf Anchois-1 (2U)

New exploration O Sand 358 Bcf prospects in deeper, undrilled, O Sand (2U) ANCHOIS RESOURCE DISTRIBUTION AND APPRAISAL & EXPLORATION DRILLING

ANCHOIS-1 WELL IMPACT OF SEISMIC REPROCESSING ON RESOURCE ESTIMATES • Excellent reservoir confirmed A SAND by log data and cores CONTINGENT RESOURCES (Bcf) PROSPECTIVE RESOURCES (Bcf) 20m pay • Dry gas with no CO2 or H2S 60% N:G 28% phie 2020 PSDM 1C 2C 3C 2020 PSDM 1U 2U 3U

B SAND 2019 PSTM 1C 2C 3C 2019 PSTM 33m pay 67% N:G 0 100 200 300 400 500 600 0 200 400 600 800 1000 1200 26% phie Sidewall Cores • Best Estimate (2U) contingent resource of 361 Bcf • Total Best Estimate Remaining Recoverable Resources (2C+2U) of >1 Tcf

Sources: Estimates of Gross Contingent & Prospective Resources from NSAI Independent Resource Assessment 2019, 2020 7 Development Plan

• Pre-FEED: Subsea-to-Shore Concept • Development possible with existing conventional technology: • Subsea wells • 40 km flowline plus control umbilical Onshore Central Processing Facility • Onshore gas processing facility • Export of processed gas to market via GME pipeline • Allows for future wells to be tied back and connected to a subsea manifold Gas pipeline & control umbilical PRE-FEED DEVELOPMENT SCHEME Anchois Field Development Mediterranean Atlantic Sea Ocean

Tangier

Tahaddart CCGT (400MW) ~50 mmscf/d

Morocco

Anchois CPF Field M21 37 km station 12” pipeline

8 Gas Market

• Morocco’s primary energy demand is Portfolio, Gas Infrastructure & Gas Sales Options growing and with >96% imported Pipelines • Gas has been a growing component of 1 Power Planned Pipelines 3 Chariot 3D Seismic the power generation mix, as part of 2 Industry Existing CCGT the national strategy to reduce Rissana Offshore 3 Spain 2 imports and transition to lower carbon (in negotiation) 1 energy, however facilities are under- Lixus utilised and coal still dominates Offshore • Attractive gas prices are established Anchois project ALGERIA ConocoPhillips SDX for power generation and industry Predator

Installed RSD-1 Power Demand 2 Kenitra 1 850 MW +20 TWh/yr (c.100mmscfd) RABAT By 2030 Capacity 2 Mohammedia Sound 2 Repsol Casablanca Gas Price Gas Price MOROCCO US$8/mmbtu US$10-11/mmbtu Power Industry

Morocco Primary Energy Demand Morocco Power Generation by National Energy Strategy Power 20 Fuel in 2018 (34 TWh Total) Generation Capacity targets 100% 15 6% 14% 80% 10 60% Mtoe 40% 5 15% 62% 20% 0 0% 3% 2015 2020 2025 2030

Coal Oil Gas Hydro Renewables Gas Coal Oil Wind Solar Hydro

Sources: IEA, ONEE, BP Energy Statistical Review, Gas Strategies, ONHYM 9 Financing

Multi- Lateral Lending Agencies Sovereign Partnering Wealth Funds

Financing

Reserves Nordic Based Bonds Lending

Moroccan Banks

10 Further Upside - Capturing Prospective Acreage

LIXUS OFFSHORE PORTFOLIO Lixus Offshore Portfolio: 2C & 2U Resources (Bcf) 3D Seismic, Bathymetry, Discoveries, Leads & Prospects 4000

3D PSDM coverage 3000

LIXUS 2000 OFFSHORE

1000

0 Anchois Anchois Anchois Other Lixus Prospects in Contingent Prospective Satellites Prospects Evaluation Chariot NSAI PSDM NSAI PSTM Preliminary Estimate

RISSANA OFFSHORE – Key Terms Agreed

Anchois Gas Prospect in Discovery Evaluation

Anchois Satellite Lead Prospects (post-Nappe)

Other Lixus Lead Prospects (sub-Nappe)

Sources: Estimates of Gross Contingent & Prospective Resources from NSAI Independent Resource Assessment 2020 & 2019 11 and Internal Company Estimates Existing Exploration & Production Portfolio

MOROCCO BRAZIL Anchois Gas Development 361 Bcf 2C & Material drill-ready portfolio ~1.5 Bbbls 2U 690 Bcf 2U Growth through Low-Risk Exploration 1.8+ Tcf 2U Operator, high working interest, no commitments • Attractive gas pricing 8-11 $/MMbtu • Equatorial basins are high-potential emerging regions, with success in Guyana and Suriname and on the • Established and growing local gas market supports conjugate margin in Ghana and Cote d’Ivoire viability of Anchois appraisal & development project • Key third party wells to test the basin’s potential, • Longer term transformational growth potential outboard and down-dip of Chariot’s acreage through Chariot’s exploration portfolio & knowledge • Third party exploration & production activity in onshore sector, adjacent to Chariot’s licences • World-class fiscal regime & investment destination

NAMIBIA Material drill-ready portfolio >1 Bbbls 2U • Operator, high working interest, no commitments • Basin-scale block of 16,000 km2 • Active in-country exploration, with upcoming third party drilling set to further test the exploration potential of the Atlantic basins

12 Time for a Transition

13 Value Accretive New Ventures

NEW VENTURES - Criteria NEW VENTURES – Focus on Africa

Chariot Portfolio

Chariot Historic Interest

Executives Experience

Responsive to ESG

Scalable Projects

Playing to Our Strengths

14 Chariot in Summary

NEW TEAM

TRANSITIONAL POWER NEW VISION

NEW TRANSITIONAL VALUES GAS

Creating value and delivering positive change through investment in projects that are driving the energy revolution

15