Far Ltd · ASX:FAR
Far — Investor Presentation (February 2004)
55 slides from Far's investor presentation, Feb 27, 2004
Slide 1: Forward-looking material disclaimer
The following presentation contains certain “forward-looking material” that involves estimates, assumptions and uncertainties. No assurance can be given that FAR’s expectations or goals will be realised and actual outcomes may differ materially from those presented.
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Slide 3: Investor 2004
Investor 2004 |
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Slide 7: Carnarvon Basin Infrastructure Map
KILOMETRES qe E 116° [oramnate yIKARRATHA END GI a First Australian Petroleum Permits. Oil Se Gas Sea Convential Platforrn enn Mini Platforen Vill Jack-up Rig t Monopod Subsea completion & xeon Proposed development Floating Production Storage “> and Offloading Vessel vr CARNARVON BASIN INFRASTRUCTUR
Slide 8: Now on Production
apis Now on Production: WESTERN AUSTRALIA, a JOE PROS (UTTLE Ys © ee) — WA20EP) Encorhy4: Investor 2004
Slide 9: Stratigraphic chart
a 0 2c O O @ Cit cal ‘os O NO- c AGE eaters | SOS STRATIGRAPHIC in AGE ‘ ZONES ih UNITS * ingrarn & Morgan | gen Ma Maa) 9 | telly Weel |EXMOUTH BARROW DAMPIER —_ BEAGLI or AOE —— ; =| GaRREMIAN q ap. . 4 z_ MAUTERINAN AR teotuainris J q Ey Bhiaaet BENRABRAENES: 8) VALANGINAN & fapotat, FLAG SAND ye
Slide 10: Migration pathways
andre North Secondary migration - Oil spilled from Angel Field -endre South Dil migration hrough Angel Fm from nature Dingo ource to west PL4 Spill from Legendre ith at BCU avel heads outhwards Spill from Legendre Nth at BCU level heads northwards heading into fault between Legendre-1 and -2 tion Pa
Slide 11: Migration pathways M. australis
oat [eae y” Spill from Legendre Sth migrates up bounding fault into M. australis level “ 2 . *. ! ration Pathways-M.australis—— > AGE-I a © cena “ny /) ‘Ls — va nn a Supported by lack of shows at this level in Cerberus-1, Cygnus-1 and Bugle-1 eog IM PROSPECT M.austrais Sand Depth Map with andertying
Slide 12: M.australis Depth Structure Map
M.australis Depth Structure Map Muggles Muggles Prospect Mean Rec Reserves: 33.5mmbblis a knogiee ‘oT Maustralis Sand Depth Map ‘with anderying Bese Creimoscus Uno CL Dm February 04 investor 2004
Slide 13: Use
Use SE L6600 L6500 L6400 L6300 L6200 th 16100
Slide 14: Stratigraphic Cross-section
cr ogCOUe-F se Turonian Tone igg gO EE M. aus aoe Law v= PMOOOOEE Unconformity a rad Stratigraphic Cross-section Datum : Turonian Unconformit
Slide 15: Legendre Field
Mugeles Legendre Field
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Slide 18: ae _ _ Lo yy) Yisiee Ae a Wye ye Lo BAe Le _
_ Le ae _ _ Lo yy) Yisiee Ae a Wye ye Lo BAe Le _ oe ee Ve LOU i) Ly Ly | ay Vey L WAGE, pes — i ey, yy ee Wy Cae i ae . ee ih & ae Be Bae == == aS = = = = . = ~ < c
Slide 19: February Investor 2004
February 04 Investor 2004
Slide 20: Canning Basin
e puraites MH Ol and Gas well 3 Oil and Gas show > Oil show > Bry well #/ 72h, Oy CANNING BASIN sue om Major sell margin fault ly _ Leads and prospects Pj, Devonian carbonate shelf edge |_ i Gas field i tii. Oil field calli POINT TORM GAS FIELD Production Licence Application Area WEST KORA Te, OIL F
Slide 21: Geological Cross Section EP 104
POINT TORMENT-1 ; ; Ss N * A VALENTINE = PROSPECT — ee he 3 be GEOLOGICAL CROSS SECTION EP 104 (R4)
Slide 22: Exploration Permit EP-104 Point Torment-1 well history
February 04 EXPLORATION PERMIT EP-104 (R4) POINT TORMENT-1 WELL HISTORY Point Torment-1 drilled November, 1992 to a total depth of 2,130 metres. Well encountered oil shows 1850 - 1855 & 1887 - 1891 metrea; and gas shows 2025 —~ 2115 metres; both in the Early Carboniferous Anderson Formation. DST- 20
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Slide 25: US Location Map
y ~ vo > Se { . V4 Be \ UNITED STATES OF AMERICA { ) fo A m Cheyenne Chicago.m ><” : ~) ‘ San Francisco ¢ ~ : EAGLE PROSPECT AM \ a : WEST BUFFALO an \ WALLOW : 2 “al Los Angeles — HARDEMAN J \ | OILFIELDS we hom | WA LOUISIANA / TEXAS J Atlantic Vea, | yy. PROGRAM a \ ~ een d / Dallas = : ie Paci w
Slide 26: NS
NS
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Slide 28: ne
ne
Slide 29: Field production and crestal locations
O Pas fan . ’ ° weeST, deep loc ™eeieaST, 328 6 O ore Deepest Field Production ui ee 2 ee Crestal Location ie “ UOnproduced Pay and other crestal locations Deepal Si Penetration — one flank well with pay ‘on water. ‘ino > 2 le
Slide 30: orthwest
orthwest ortnwes oe svelor sere 10 BCE ——_ ge TREES pint) ET a a Soe ie 1 ae ey oe RG Fi _ . = . . _ = = _ — — iis Taamaa Gee 1eas LO OL iu Ce ) ay Wee Oe Dorper eh We Ue ye ees east ee Ue: = = — SS ee — = . — - << a g ay We Se See oS
Slide 31: Kent Bayou Field structure map
UPR 1998 Cib. Op.Discovery Kent Bayou Field RITE RIB E | . : Prospect Location Lake Long Deep Ig MAN BOE | $ wf cyt LAKE DECADE . 7 a) Proposed - . 2004 Cib. Op. well | 44aE BOEUE February 04 aa ca Figure 8—-Structure may on the “Cristellaria Investor 2004 I” resistivity marker.
Slide 32: Analog Field Kent Bayou type log
lp ily Se fee 550’ Gross Pay 700 Pay column - approximately 640 acres 5 wells: Cum. 3/2000-6/2002 545 BCFG+ 11.6MMBC initial Daily Production 5 wells: 99 MMCFGD + 8,600 BC Porosities average 25% Perms as high as 5 Darcies Analog Field - Kent Bayou - Type Log’ Cib. Op. Pay Interval February 04 Invest
Slide 33: Cristellaria I (Hollywood)
Cristellaria | (Hollywood) Cibicides opima (Cib.Op.)
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Slide 36: Eagle Oilfield Development Project, San Joaquin Basin
S 7 EAGLE OILFIELD DEVELOPMENT PROJECT | SAN JOAQUIN BASIN, CALIFORNIA @® Low risk 24 million barrel and 62 BCF stratigraphic oil field development play with 223 BOPD and 1 MMCFD 1986 fieid discovery well with 31 metre gross oil column ®. Targeting sandstone reservoir at 4300 metres with horizontal
Slide 37: Eagle-1 horizontal wellbore path
FACTO RAPE TIE BEM AE “a m@° Eagle-1 horizontal wellbore path in Gatchell Oil Sand VF nyeucet wine Subsea Cross Section View along 320° Azimuth gaat ea om z Blatt hat SFP _ + z =e a RoGrE ok bd ee | sar sa CECT i . sao ae ‘xt va tai ‘ack cy “ae om Vi a Cra i (BR Al BS vanes ahaa wile acvanhos ayaa’
Slide 38: Proposed Eagle-2
josed lic Survey FOge Eagle #2 a OS TTSE Proposed February 04 Investor 2004
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Slide 40: Offshore China Beibu Block 22/12
LEGEND pee’ Jigowei Formation Reservoir eee Lacs | Weizhou Formation Reservoir (eles TC] tashagang Formation Reservoir EEE Wei 12-1 Oil Field x Wei 12-4-1 4 Oil and Gas Pipelines fo Weizhou island 7 export facilities - 15km an Pa 1 12-2-1 a“ potential Field Closure (6-12 S Hanging besoin, oO = A Dis
Slide 41: Offshore China Beibu Block 22/12 discoveries, prospects and leads
ois ies Ceactingpeat * w we oe fh Becpeone ola Cae utes agg San Fig eyynt: — Wucsgou OFFSHORE CHINA BEIBU BLOCK 22/12 EXISTING DISCOVERIES, PROSPECTS AND LEADS Investor 2004 February 04
Slide 42: co Be Le lee Le bo a
co Be Le lee Le bo a c ee... =sg= ow ye = oi I SR OL Ie TTA SOMO ie fee a Le Ley als ey se VOTES TERUG EG Le ee Ry . sey a L ee ye a Le Li ae 7) LD g PO peas: OM pooh oy ep L. ge ay 7 zi ae ae _ ee Kk ean a Baga ul Hiei i a oe : ve - ae : : : . / : We i : ) HH ma HN : » : / : | : a | 1 : oe | ! , a
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Slide 45: yy yy
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Slide 46: Interpreted 3D Seismic Section
Interpreted 3D Seismic Section WR IA web aes EIT gay Wier el a it : * Wei 12.7 east and _. 12.7 west fault blocks, each with ~35 million bbls potential * 12.8 Prospect - ~30 million bbls potential « Same stratigraphic intervals as CNOOC oil discoveries to the west and north-west » CNOOC Wei 11.1.4 r
Slide 47: Wei 12-7 Top Weizhou Reservoir Depth Map
Wei 12- _pieenncroannarrrocanaente, 4 i Wei 12-7 He Prospect Top Weizhou Reservoir Depth Map Mapping: 8. Gidding Figure *
Slide 48: Oligocene Weizhou Sandstone
Oligocene Weizhou Sandstone Cammenisa Fram T30 Depth Map Pog: PaO. | Atea of closure : From Petrosys rapping. PSG: Wel 12-7 East AVO core aree From Petrosys rapping. E rors is a e264, Wat 12-3- 1 & Wei 42. a Proin Wei {2-2-4 , Wel 2-3-4 & ¥ fal 12-3-2 a 55% | rb/sth Frown Wet 12 mmsth | Pron Wer 1 T
Slide 49: Wei 12-7-1 Time versus Depth
WE! 12-7-1 TIME VERSUS DEPTH DRILL, LOG & ABANDON DAYS ON LOCATION 3 4 5 6 7 2 + t Dritt 26" Hote Install 20" x 13-3/8" Conductor Casing Driti 12-1/4" Hole a oe £ = £ i a ¥ install 9-5/8" Hole ‘Drill 8-1/2" Ho! Change to Tricone Bit at Top of Basement. Drili Logging Sump. Cai February 04 [-==FLANNED
Slide 50: Field estimated reserves
“Addin 2-1 field est. reserves of 9 mmboe (P50) February 04 investor 2004
Slide 51: Wei 12-8-3 Wei 12-8-2 prognosis
Wei 12-8-3 Wei 12-8-2 Prognosis BLE ~ Garnire Fang 0. i att 00 mcd 1 J BtG- 820- Est.Top Jaqwel TEG (94.0) spre a RGeet high te V8-2 Top Jiaowei Reservoir se 936.5 (900.0) OST 930,5-035m a Ft § BORE weSP Oot with 3.6%, vewe 44.400 Ol Column Anticipated 950 $56 som Pinch CoreBersl Wei 49.8.9 Log Di i
Slide 52: Weizhou Top T30A Depth Structure Map
i | Weizhou Top T30A Depth Structure Map
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Slide 55: = eS <
= eS <