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October 2015 Investor Presentation – Far East Energy Corp.

Far East Energy Corp. · Oct 21, 2015 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. October 2015 Investor Presentation – Far East Energy Corp. – slide 1
    Investor Presentation October 2015
  2. October 2015 Investor Presentation – Far East Energy Corp. – slide 2
    FAR snapshot Africa Focused: Senegal, Guinea Bissau, Kenya and Australia 7th Largest Pure E&P on ASX: FAR entered ASX 300 in March 2015 FAN-1 and SNE-1: Major basin opening oil discoveries in Senegal SNE Field Largest Oil Discovery:…
  3. October 2015 Investor Presentation – Far East Energy Corp. – slide 3
    FAR relative performance Capital Structure ASX Ticker FAR 7 Oct 14: FAN-1 oil discovery; Share price (16 October 2015) A0.09 500+m gross oil interval, 0.16 net oil pay 29m 10 Nov 14: Market cap (16 October 2015) A287M SNE-1 oil…
  4. October 2015 Investor Presentation – Far East Energy Corp. – slide 4
    FAR market summary Growing company Institutional Investors FAR is now the 7th largest pure E&P 3% 2% 17% company listed in Australia 78% FAR trades on the Australian stock exchange (FAR.ASX) and is included in the S&P / ASX 300 index…
  5. October 2015 Investor Presentation – Far East Energy Corp. – slide 5
    Senegal Strong in-country relationships: FAR has been in Senegal since 2006 OFFSHORE SENEGAL PSC 16.7% paying interest, 15% beneficial interest Peaceful democracy: Senegal has been Operator: Cairn Energy PLC a democracy for 200…
  6. October 2015 Investor Presentation – Far East Energy Corp. – slide 6
    Senegal prospects and leads PSC area 7,490 km2 3D seismic coverage 2500km2 6
  7. October 2015 Investor Presentation – Far East Energy Corp. – slide 7
    FAN-1 and SNE-1 seismic section/schematic FAN-1 SNE-1 1430m WD 1150m WD W E Buried Hill Shelf Edge Fan Source Kitchen Oil Migration Oil Traps 7
  8. October 2015 Investor Presentation – Far East Energy Corp. – slide 8
    FAN-1 oil discovery Proved prolific source: High quality light oil in a stratigraphic stacked Cretaceous sand sequence Oil gravity 28-41 degrees API Gross oil bearing interval 500m containing discrete oil columns with no oil-water…
  9. October 2015 Investor Presentation – Far East Energy Corp. – slide 9
    SNE-1 oil discovery Excellent reservoir average 25% porosity in a well defined Cretaceous structural trap Oil gravity 32 degrees API Gross oil column of 96m (36m net) well defined gas-oil-water contacts with a text book pressure…
  10. October 2015 Investor Presentation – Far East Energy Corp. – slide 10
    SNE appraisal well locations Drilling program objectives: Prove minimum economic field size (MEFS: 200mmbbls) Test upside potential in SNE (3C BEL-1 Bellatrix resource 670mmbbls*) Test overlying Bellatrix exploration prospect…
  11. October 2015 Investor Presentation – Far East Energy Corp. – slide 11
    SNE appraisal well locations N BEL-1 SNE-2 SNE-1 SNE-3 S Bellatrix SNE-2, SNE-3 and BEL-1 to be logged, cored and flow tested 11
  12. October 2015 Investor Presentation – Far East Energy Corp. – slide 12
    Bellatrix exploration prospect Strong amplitude response, conforms to structure Bellatrix unrisked prospective resources* Buried Hills exploration Low estimate 69 mmbbls prospect directly overlies Best estimate 168 mmbbls northern…
  13. October 2015 Investor Presentation – Far East Energy Corp. – slide 13
    Development and tie back concept 77mmbbl* 74mmbbl* 204mmbbl* 141mmbbl* 168mmbbl Tie * back radius 101mmbbl * *Reference FAR ASX releases dated 13 Apr 2015 best estimate, gross, unrisked prospective resources, 100%…
  14. October 2015 Investor Presentation – Far East Energy Corp. – slide 14
    Senegal economic models 18 Very good PSC terms 16 NPV/bbl (US) 14 Base planning case: 12 NPV/bbl at FID 2C resource 330mmbbls 10 8 (50mmbbls net to FAR) 6 4 CAPEX 17-26/bbl 2 OPEX 5-15/bbl 0 US90/bbl 2014 costs US70/bbl…
  15. October 2015 Investor Presentation – Far East Energy Corp. – slide 15
    Activity schedule to mid 2016 2015 2016 October November December January February March April May DRILLING 3D SEISMIC acquisition processing and preliminary interpretation Ocean Rig Athena drill ship Commencing drill…
  16. October 2015 Investor Presentation – Far East Energy Corp. – slide 16
    Why FAR Committed three well Senegal drilling program with strong potential to add material value by confirming significant resources Extensive evaluation at the SNE-2 and SNE-3 appraisal wells consisting of reservoir coring and oil…
  17. October 2015 Investor Presentation – Far East Energy Corp. – slide 17
    Board and management
  18. October 2015 Investor Presentation – Far East Energy Corp. – slide 18
    Board with significant experience Nicholas Limb Geophysicist and investment banker Non-Executive Chairman 15 years as MD/Chairman of an ASX listed, international mining company, Australia. Appointed 2012 10 years in Financial services…
  19. October 2015 Investor Presentation – Far East Energy Corp. – slide 19
    Senior management Catherine Norman Over 20 years experience in the mineral and oil & gas exploration industry, having held executive positions both in Australia and Managing Director in the UK. Cath has carried out operating…
  20. October 2015 Investor Presentation – Far East Energy Corp. – slide 20
    Contact us Level 17, 530 Collins Street Melbourne VIC 3000 Australia T: +61 3 9618 2550 www.far.com.au

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