Far Ltd · ASX:FAR
Far — RIU Good Oil Conference 2018
15 slides from Far's conference presentation, Sep 13, 2018
Slide 1: The Gambia, FAR's next frontier
The Gambia, FAR’s next frontier For personal use only RIU Good Oil Conference September 2018
Slide 2: Our company
Our company • FAR Limited (FAR:ASX) Market cap A$600M* For personal use only • Strategic focus Mauritania-Senegal-Guinea-Bissau- Conakry (MSGBC) Basin, NW Africa • Basin opening discoveries in Senegal in 2014 • 11 oil wells drilled offshore Senegal – 100% success • First oil from SNE Field expected
Slide 3: Making of an industry hotspot 2012-2018
Making of an industry hotspot 2012-2018 For personal use only 3
Slide 4: FAR a company of two halves
FAR a company of two halves Senegal The Gambia For personal use only • First oil and gas development • First well to be drilled offshore The Gambia offshore Senegal for 40 years • SNE Field discovered in November 2014 • Samo Prospect to be drilled in October 2018 • SNE world’s largest oil discovery
Slide 5: FAR in Senegal – discovery to development
FAR in Senegal – discovery to development • FAR been in Senegal since 2006 For personal use only • Farmout to Cairn Energy and ConocoPhillips for carry through US$200M drilling in 2014 • JV now drilled 11 successful oil wells – 4 discoveries New map – 7 appraisal wells on SNE field • JV now invested
Slide 6: Senegal in 2018 and beyond
Senegal in 2018 and beyond For personal use only 6
Slide 7: FAR in The Gambia
For personal use only FAR in The Gambia 7
Slide 8: Prospectivity of the A2 and A5 blocks
Prospectivity of the A2 and A5 blocks • On trend and adjacent to SNE field – same geological play For personal use only • 3 large prospects mapped in A2: Samo, Soloo and Bambo • Key reservoirs drilled by 9 wells in Senegal with 100% success rate • Samo given 50% CoS • Soloo and Bambo next potential
Slide 9: Samo Prospect
Samo Prospect For personal use only Samo Low Best High Prospect estimate estimate estimate Volumes* (P90) (P50) (P10) 335 825 1,713 *Seismic Data *See ASX announcement 21 November 2017 best estimate, gross, unrisked prospective resources, 100% basis provided courtesy of 9 Polarcus
Slide 10: Soloo and Bambo Prospects
Soloo and Bambo Prospects Soloo Prospect volumes* Low Best High For personal use only Recoverable resource (mmbbls) estimate estimate estimate SNE field extension (lower) 96 193 327 Shallow Samo target (upper) 44 142 456 Bambo Prospect* Low Best High Recoverable resource (mmbbls) estimate estimate e
Slide 11: Drilling readiness for Samo-1
Drilling readiness for Samo-1 For personal use only • October spud with results by year end • Shore base in Dakar • Rig reactivation has begun • Great time to be drilling
Slide 12: Community & social programs
Community & social programs For personal use only
Slide 13: An exciting end to 2018 ahead
An exciting end to 2018 ahead For personal use only • Value drivers for the year ahead are large and converging at the end of 2018 • Senegal • Submission and approval of the SNE Field Exploitation plan • Final JV agreed resources and economics for the SNE Field development • FID H2 2019 • Gambia • D
Slide 14: Contact us
Contact us For personal use only Level 17, 530 Collins Street Connect with FAR Limited: Melbourne VIC 3000 Australia T: +61 3 9618 2550 info@far.com.au far.com.au
Slide 15: Disclaimer
Disclaimer For personal use only • This presentation has been prepared by FAR Limited (‘FAR’). It should not be • This presentation does not purport to be all inclusive or to contain all considered as an offer or invitation to subscribe for or purchase any shares in information which you may require