FAR builds on solid foundations Investor Presentation November 2018
Our company FAR Limited (FAR:ASX) Market cap A431M* Strategic focus Mauritania-Senegal-Guinea-Bissau-Conakry (MSGBC) Basin, NW Africa Most successful Australian oil explorer for over a decade Significant basin opening discoveries in…
Making of an industry hotspot 2012-2018 3
Senegal First oil and gas development offshore Senegal SNE Field discovered in November 2014 SNE worlds largest oil discovery 2014 SNE 640mmbbls 2C resources*, fully appraised heading for development 90mmbbls net to FAR* 3…
SNE development timeline Jul 2004 Jan 2006 Apr 2014 Oct 2014 Nov 2015 Jun 2016 Jan 2017 Aug 2017 Dec 2017 Oct 2018 PSC FAR Ltd Exploration 2 world 1st 1st appraisal 2nd Full Development Submission entered farm into drilling class…
FAR in Senegal discovery to development FAR been in Senegal since 2006 Farmout to Cairn Energy and ConocoPhillips for carry through US200M drilling in 2014 JV now drilled 11 successful oil wells 4 discoveries New map 7 appraisal…
SNE Evaluation Report Wells FPSO Subsea Gas Export Phase 1 11 Producers A number of FPSO Central Provision of 240 mmbbls 10 Water injectors solutions are available branch gas export 2 Gas injectors with evaluation ongoing Northern…
SNE Development Both oil and gas development planned Maximising local content in contracting Target Phase 1 capex < 3.3bn Free cashflows projected from 2023 SNE Development area map Waiting on update from P Development Plan…
The Gambia Blocks A2 and A5 highly prospective following the discovery of the SNE oil field to the north, offshore Senegal Additional prospects aside from Samo totaling 680mmbbls best estimate prospective resources (270mmbbls…
Samo-1 Samo-1 spudded on 21 October 18 BLOCK A2 & A5 FAR 40% interest and Operator with results announced 9 November 18 PETRONAS 40% partner Rig off contract 17 November 18 Pre-drill 825 mmbbls target Well intersected hydrocarbons…
A2: Soloo and Bambo Prospects Soloo Prospect volumes* Low Best High Recoverable resource (mmbbls) estimate estimate estimate SNE field extension (lower) 96 193 327 Shallow Samo target (upper) 44 142 456 Bambo Prospect* Low Best…
Community & social programs
The year ahead Approval of the SNE Field Exploitation plan by the Government of Senegal Finalise funding arrangements for the SNE Field development FID of SNE H2 2019 Integration of Samo results into existing Gambian data…
Contact us Level 17, 530 Collins Street Connect with FAR Limited: Melbourne VIC 3000 Australia T: +61 3 9618 2550 infofar.com.au far.com.au
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