Interim report
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30 September 2026 CHARIOT Chariot Limited ( " Chariot " , the " Company " ) H1 2026 Results Chariot ( AIM : CHAR ) , the Africa focused energy company , today announces its unaudited interim results for the six - month period ended 30 June 2026 . Adonis Pouroulis , CEO of Chariot commented : " We are delighted to have announced two transformative deals this year , securing strategic and material exposure to cashflows from one of the most exciting offshore oil and gas producing regions in the world . Importantly , in doing these deals we have forged key , long - term partnerships with Angola's leading private E & P company , Etu Energias , and BW Energy , one of the fastest growing players in the industry , and secured financial backing from one of the world's largest energy traders in Shell Trading . With these transactions we have set out a new platform for value creation and growth and we look forward to increasing our exposure to further barrels and future revenues as we continue to build a cash generative upstream business . " Highlights during and post period Upstream Oil & Gas : Angola : • • Secured substantial economic exposure to oil assets offshore Angola , having announced two transactions in March and September 2026 First transaction : Part financed Etu Energias S.A's ( " Etu Energias " ) acquisition of Azule Energy's 20 % and 10 % respective interests in Blocks 14 and 14K alongside Shell Western Supply and Trading Ltd ( " Shell Trading " ) ° Sale and purchase agreement signed by Etu Energias in March 2026 ° ° Base consideration was US $ 195 million , with an economic effective date of 1st January 2025 Completion expected in H2 2026 Second transaction : supported Etu Energias ' acquisition of Chevron's interest in Blocks 14 and 14K through signing a Framework Agreement with Etu Energias and BW Energy ( " BWE " ) , alongside financing provided by Shell Trading ° Sale and purchase agreement signed by Etu Energias in August 2026 ° Base consideration of US $ 260 million with an economic effective date of 1st January 2026 Completion expected early 2027 On completion , which is subject to standard regulatory approvals , Chariot will be entitled to the economics associated with current production of circa 8,000 barrels of oil per day ( " bopd " ) ° Base case indicative asset net NPV 10 in excess of US $ 200 million at a US $ 60 / bbl oil price as of the 1st January 2026 Strategic economic footprint in prolific Angola hydrocarbon province sets out platform for future growth Morocco : • • Offshore Moroccan licences continue to be of strategic value , the Anchois development plan remains economically robust supported by attractive commercial fundamentals Partnering options across the portfolio being pursued • Discussions ongoing with ONHYM regarding the next steps for the Loukos Onshore licence New Ventures : • Core focus on securing additional production and revenues • Will continue to pursue select synergistic development and exploration opportunities Renewable Power : • Sales process underway to divest Chariot's renewables business and realise value - multiple offers received with next step being to select a preferred bidder Electricity Trading : • • Etana Energy continues to scale and deliver on its strategy of addressing the supply and demand for renewable energy in South Africa Over 500MW of wind and solar projects in construction , one hydroelectric project in operation and a large pipeline of shovel - ready grid connectable projects that are supported by guarantee finance facilities Substantial generation and trading Power Purchase Agreements ( " PPAS " ) signed with large developers and industrial customers ° 10 - year PPA signed with Sibanye - Stillwater Mining Group 0 Offtake secured and financial close reached on 150MW Orkney solar project