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Good Oil Conference – Far Limited

Far Limited · Sep 30, 2014 · 30 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. Good Oil Conference – Far Limited – slide 1
    An African Story Jon Keall Chief Geologist FAR Limited Good Oil Conference Fremantle September 2014
  2. Good Oil Conference – Far Limited – slide 2
    FAR Highlights Australian listed company Team with significant international upstream experience Diversified acreage portfolio 11 licences in 4 countries: Senegal, Kenya, Guinea-Bissau and Australia 8.5 billion barrel prospect…
  3. Good Oil Conference – Far Limited – slide 3
    FAR: Australia based, Africa focused WEST AFRICA 7 licences across 2 countries 2 licences Head Office Melbourne 4
  4. Good Oil Conference – Far Limited – slide 4
    The year ahead 2014 2015 SENEGAL Drill planning Drilling FAN-1 Drilling SNE-1 Evaluation of drilling Sangomar Profond Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun L6 Offshore Farmout Drill planning…
  5. Good Oil Conference – Far Limited – slide 5
    Exploration cycle Marketing Field production Field development Challenges for a small company Appraisal and commercial evaluation Increasing cost Increasing value Decreasing risk Test prospect - well Drillable…
  6. Good Oil Conference – Far Limited – slide 6
    Exploration goals for a small company Quality portfolio with diversity Not locked into a single basin, country or play. Offering multiple opportunities for success/increase shareholder value Running room So if you take the risk and…
  7. Good Oil Conference – Far Limited – slide 7
    FAR Early 2014 Marketing Field production Field development Appraisal and commercial evaluation Guinea Bissau Increasing cost Increasing value Decreasing risk Test prospect - well Senegal: Fan play Drillable prospect…
  8. Good Oil Conference – Far Limited – slide 8
    FAR in Guinea Bissau Proven oil-prone basin 2 discoveries made on block during low oil price BLOCKS 2, 4A & 5A AGC PROFOND 15% interest 8.8% interest environment (East Sinapa - Premier 2004 and PGO Operator: Svenska Petroleum…
  9. Good Oil Conference – Far Limited – slide 9
    Guinea Bissau Sinapa discovery 13.4 mmbbls 2C contingent resource in Sinapa P90* P50* P10* Discovery* Sinapa 4.4 13.4 38.9 (2C contingent resources) Combined contingent and prospective resource 85.6 mmbbls (P50)* potential in Sinapa…
  10. Good Oil Conference – Far Limited – slide 10
    FAR in Kenya L6 KENYA Marketing Block L6 Kipini-1 Field production Field development Appraisal and commercial evaluation Onshore well mid 2015 Test prospect - well Maridadi-1 Farm out to Milio 2014 Drillable prospect Economic…
  11. Good Oil Conference – Far Limited – slide 11
    Onshore Plays: Basin-margin rollover 12
  12. Good Oil Conference – Far Limited – slide 12
    Lamu Basin Kenya Maridadi-1B Oil proven at both ends of the kitchen- 14 m oil column at Sunbird Continuous reefal trend Drill-ready prospects defined on 3D Massive upside (multi -billion barrel) Miocene Reef prospects…
  13. Good Oil Conference – Far Limited – slide 13
    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…
  14. Good Oil Conference – Far Limited – slide 14
    Senegal Drilling commenced April 2014 RUFISQUE, SANGOMAR & SANGOMAR DEEP OFFSHORE Partners are Cairn Energy (40%) and 16.7% paying interest, 15% beneficial interest Operator: Cairn Energy PLC ConocoPhillips (35%) US190M to be spent…
  15. Good Oil Conference – Far Limited – slide 15
    FAR in Senegal RUFISQUE, SANGOMAR & SANGOMAR DEEP OFFSHORE 16.7% paying interest, 15% beneficial interest Marketing Operator: Cairn Energy PLC Field production Field development Appraisal and commercial evaluation Drilling Q2/3…
  16. Good Oil Conference – Far Limited – slide 16
    Senegal prospectivity Petroleum system established Rufisque Dome World class source rocks TOC 6 34% HI 450 - 650 17
  17. Good Oil Conference – Far Limited – slide 17
    Play schematic SNE-1 1150m WD FAN-1 3500m TD 1437m WD W 5300m TD E Campanian - Maastrichtian Santonian Clastic Reservoir Source Carbonate Reservoir Source 18
  18. Good Oil Conference – Far Limited – slide 18
    Senonian Unconformity N
  19. Good Oil Conference – Far Limited – slide 19
    Albian Buried Hill Play
  20. Good Oil Conference – Far Limited – slide 20
    Albian Buried Hill Play
  21. Good Oil Conference – Far Limited – slide 21
    Albian Buried Hill Play Senonian unconformity surface Inline 1356 22
  22. Good Oil Conference – Far Limited – slide 22
    Central fan complex 23
  23. Good Oil Conference – Far Limited – slide 23
    Central fan complex 24
  24. Good Oil Conference – Far Limited – slide 24
    Central fan complex 25
  25. Good Oil Conference – Far Limited – slide 25
    Senegal: North Fan prospect North Fan Prospect Best estimate unrisked prospective resource* North Fan (H 82) 117 mmbbls North Fan (H 85) 199 mmbbls North Fan (H 88) 151 mmbbls North Fan (H 89) 165 mmbbls West East Approximate…
  26. Good Oil Conference – Far Limited – slide 26
    Lupalupa prospect: Albian (SNE-1) 27
  27. Good Oil Conference – Far Limited – slide 27
    Lupalupa prospect: Albian (SNE-1) Tertiary Late Cretaceous shales (Seal) Intraformational Albian shales (seal) Aptian Carbonates 28
  28. Good Oil Conference – Far Limited – slide 28
    Lupalupa prospect (SNE-1) Lupalupa objective (Albian sands) L Prospect FAR Most Likely unrisked Prospective Resource Lupalupa Albian sands 154 mmbbls Boabab Aptian carbonates 491 mmbbls Baobab Objective (Aptian carbonates) 29
  29. Good Oil Conference – Far Limited – slide 29
    FAR in 2014 30
  30. Good Oil Conference – Far Limited – slide 30
    Conclusions Only half the story Great Deals Drilling Results Regardless of outcomes Lots of Data rooms Lots of air miles, departure lounges, customs and immigration Lots of phone calls at night to different 31 time zones

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