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Noosa Mining & Exploration Conference – Far Limited

Far Limited · Jul 22, 2016 · 18 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. Noosa Mining & Exploration Conference – Far Limited – slide 1
    FAR Ltd: Breakthrough Company of the Year Noosa Mining & Exploration Conference 21-22 July 2016
  2. Noosa Mining & Exploration Conference – Far Limited – slide 2
    FAR market overview Market data (15 July 2016) Share Register ASX Ticker FAR Retail 46% Share price A0.08 Institutional 24% Cash* (excludes 60m raised) 31.7m High Net Worth (500k) 22% Market cap A345M Investment bank 5% Average…
  3. Noosa Mining & Exploration Conference – Far Limited – slide 3
    Senegal FAR in Senegal since 2006 OFFSHORE SENEGAL PSC FAR 16.7% paying interest, 15% beneficial interest Operator: Cairn Energy PLC FAR farm-out in 2013 of US196M for initial two well carry Basin opening FAN-1 and SNE-1 oil…
  4. Noosa Mining & Exploration Conference – Far Limited – slide 4
    Regional oil and gas discoveries (2012) Regional exploration success close to Senegal Guinea Bissau: oil at Sinapa and Dome Flore (heavy oil) Mauritania: oil at Chinguetti (on production) plus other gas discoveries No commercial…
  5. Noosa Mining & Exploration Conference – Far Limited – slide 5
    Regional oil and gas discoveries (2016) FAN-1 and SNE-1 oil discoveries have made Senegal the worlds top location for exploration FAN-1 proved up a prolific oil source and a gross oil bearing interval of 500m SNE is ranked by IHS…
  6. Noosa Mining & Exploration Conference – Far Limited – slide 6
    Senegal schematic section Gross oil-bearing interval of 500m No water-bearing sands intersected Shelf Edge play Fan play 6
  7. Noosa Mining & Exploration Conference – Far Limited – slide 7
    FAN-1 oil discovery (October 2014) Proved prolific source Oil gravity 28-41 degrees API Gross oil bearing interval 500m Operator gross oil (STOIIP) in place* P90: 250 mmbbls P50: 950 mmbbls P10: 2,500 mmbbls Proved oil…
  8. Noosa Mining & Exploration Conference – Far Limited – slide 8
    SNE-1 oil discovery (November 2014) Excellent reservoir Oil gravity 32 degrees API Gross oil column of 96m Contingent recoverable resource* P90 (1C): 277 mmbbls P50 (2C): 561 mmbbls P10 (3C): 1071 mmbbls Four well field…
  9. Noosa Mining & Exploration Conference – Far Limited – slide 9
    SNE appraisal well locations Objective of wells and progress to date: Size of oil pool Test reservoir properties and deliverability from logging, coring and testing Measure field connectivity SNE field seismic cross section BEL-1…
  10. Noosa Mining & Exploration Conference – Far Limited – slide 10
    SNE resource growth Pre-Drill (Oct 2014) Post discovery (Nov 2014) Latest RISC audited (April 2016) P90 : 50mmbbls 1C: 150 mmbbls 1C: 277 mmbbls P50 : 154 mmbbls 2C: 330 mmbbls 2C: 561 mmbbls P10 : 350 mmbbls 3C: 670 mmbbls 3C: 1071…
  11. Noosa Mining & Exploration Conference – Far Limited – slide 11
    SNE footprint 350km2 (135 square miles) Source: Google earth, FAR 11
  12. Noosa Mining & Exploration Conference – Far Limited – slide 12
    SNE-2 & SNE-3 flow test results Flow tests have confirmed reservoir quality and ability to flow at commercial rates SNE-2 lower and upper reservoirs units Gross 12m: 8,000 bopd stabilised Gross 15m: 1,000 bopd unstabilised Flowed…
  13. Noosa Mining & Exploration Conference – Far Limited – slide 13
    SNE field outline and well locations 13
  14. Noosa Mining & Exploration Conference – Far Limited – slide 14
    SNE development and tie back concept Standalone FPSO with expansion capability for satellite tie-backs Subsea production gas injection and water injection wells First oil anticipated from 2021* *Reference FAR ASX release…
  15. Noosa Mining & Exploration Conference – Far Limited – slide 15
    Capturing more shelf edge exposure Senegal JV focussed on the SNE shelf trend play and FAR is expanding the footprint into Djiffere Undrilled Senegal exploration prospects with 1bn bbls potential New Senegal joint venture 2015 3D…
  16. Noosa Mining & Exploration Conference – Far Limited – slide 16
    Woodside transaction with ConocoPhillips Woodside has entered into a conditional agreement to acquire ConocoPhillips 35% interests in Senegal for US430m FAR has been notified of its right to pre-empt by ConocoPhillips FAR is reviewing…
  17. Noosa Mining & Exploration Conference – Far Limited – slide 17
    FAR value adding activity Update of FARs SNE contingent resources (new BEL-1, SNE-4 and core data) FAR statement on SNE commerciality Update on Senegal prospective exploration resources, including Djiffere Drilling and evaluation…
  18. Noosa Mining & Exploration Conference – Far Limited – slide 18
    Contact us Level 17, 530 Collins Street Melbourne VIC 3000 Australia T: +61 3 9618 2550 infofar.com.au far.com.au Connect with FAR Limited:

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