FAR: An unfolding African success story Resources Rising Stars Conference Gold Coast, 2014
Why invest in FAR High impact exploration in Africa 5 wells in 3 countries in next 15 months Farmed out 3 wells : gross farmout value 240M Global farmin partners ConocoPhillips and Cairn Energy Currently drilling first of two back to…
Corporate snapshot Capital Structure ASX Ticker FAR Shares on issue 2,699,846,742 Share price* A0.084 Market capitalisation* A227M Cash* A39M * As at 28 September 2014, Cash position unaudited
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…
Exposure to world class acreage 8 exploration licenses in 3 West and East African countries 2 wells with Cairn and ConocoPhillips offshore Senegal commenced April 2014 Senegal Kenya Unexplored frontier Exciting frontier Billion…
FARs prospects in offshore Senegal Strong acreage position
Senegal Stable democracy : 196 years Peaceful country Capital Dakar Population 14M FAR in Senegal since 2008 FAR enjoys good standing with the Government, Petrosen and other stakeholders in Senegal FAR was operator with 90%…
Senegal 7,000km2 of acreage offshore RUFISQUE, SANGOMAR & SANGOMAR DEEP OFFSHORE 16.7% paying interest, 15% beneficial interest Currently drilling FAN-1 : first of 2 carried Operator: Cairn Energy PLC wells Oil recovered in…
Senegal: Prospects and Leads summary Petroleum system established Rufisque Dome and oil in FAN-1 Drilling deepwater fan (FAN-1) and shelf edge (SNE-1) Pre-drill estimates: 550 million barrels* in shelf well (SNE-1) 900 million…
Senegal: Drilling progress SNE-1 Drilled to date FAN-1 1150m WD 1437m WD 3500m TD Yet to drill Oil Migration 4900m TD Oil Traps Buried Hills Play Albian Clastic Play Aptian Carbonate Play Campanian-Maastrichtian Fan…
Senegal Drilling underway with some early encouragement Operator running tight hole Oil recovered from interim logging program in FAN-1, currently drilling on to TD Encouraging start to the program derisks deeper drilling and SNE-1…
FARs prospects in East Africa Large equity in Kenyas fast emerging Lamu Basin The next big thing for FAR
Kenya Large acreage position in Lamu BLOCK L6 BOCK L9 60% interest offshore 30% interest Basin 24% interest onshore Operator: FAR Limited Operator: Ophir Energy PLC Interest in two exploration blocks Great neighbours in BG,…
Kenya 3 main plays emerging BLOCK L6 60% interest offshore BOCK L9 30% interest 24% interest onshore Operator: Ophir Energy PLC Proven oil at both end of reef play Operator: FAR Limited Drill ready reef prospects defined on 3D…
Kenya Block L6 : Prospects and leads Onshore Farmout deal concluded with Milio International Fully carried on 2D seismic and well Offshore Drill ready prospects defined on 3D seismic Large exposure to Miocene reef play drilled by…
Kenya Block L6 : Maridadi well result Maridadi-1B 16
Kenya Block L6 : Maridadi well result Maridadi-1B Seal Reservoir Oil Shows 17
Kenya Block L6 : Reef prospects SW NE Kifaru West Kifaru Miocene reef play prospective resources* Kifaru prospect 178 mmbbls Kifaru West prospect 130 mmbbls Other total 1,249 mmbbls Total 1,557 mmbbls Total net to FAR…
Community projects Flood relief program in Senegal Mosquito nets in Senegal Donation of soccer balls in Guinea Bissau Community consultation and education in all our areas of activity where appropriate
FAR story unfolding 3 carried wells totaling approximately 240M Encouraging start to Senegal drilling program : Oil recovered from secondary target Drilling continues in Senegal testing 1.5 billion barrels oil Approximately 39M…
The year ahead 2014 2015 SENEGAL Sangomar Profond Drilling FAN-1 Drilling SNE-1 Evaluation of drilling July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill planning Drilling L6 Offshore July…
Contact us Level 17, 530 Collins Street Melbourne VIC 3000 Australia T: +61 3 9618 2550 www.far.com.au 23
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