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Slide 3: Mkt Cap (@ 14c)
Mitt Cap (@ 14c)
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Slide 6: Remember Hardman — like FAR — a West African story
REMEMBER HARDMAN — LIKE FAR - A WEST AFRICAN SIORY Harden 10 times uplift in share price from securing the blocks to spudding
Slide 7: FAR Share Price and Volume (July 2003 - May 2007)
FAR Share Price and Volume (July 2003 - May 2007) 46,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,060,000 15,000,000 10,000,000 §,000,000
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Slide 9: Growing Recognition
GROWING RECOGNITION YIELD 25 20. 15 10. LOO. 2001 2002 2003 2004 2005 2006 2001 2002 2003 2004 2005 2006 MARKET CAP 60000000 50000000. 40000000. 30000000: 20000000. 40000000 2007-2002) 2003-2004 = 2005
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Slide 12: 2007 Drilling
D | Jon Feb ated 2007 Drilling Ma Am May
Slide 13: Block 22/12, Beibu Gulf
BLOCK 22/12, BEIBU GULF Wel 12 Wei 42-1) Fie! : : {2002 Discovery} fenone) Wei €-128-1 aa ae a06 Discovery} LEGEND Fuidi Bates CHa te aooumate BLOCK 22/12 SS ag pipet tn veal peiansd toe alraligsaphie. ae, Wel 12:8 Bast cae ce ‘Wel 12-8 West: oe
Slide 14: In May 2006, FAR made an oil discovery in shallow water, offshore China
IN WAY 2006, FAR MADE AN OIL DISCOVERY IN SHALLOW WAITER, OFFSHORE CHINA FAR 5%" Water Depth 5 - 40m Area 364 sq km Wei 6-12-1 exploration well drilled 1Q 2002 — small oil discovery. Wei 6-12S-1 exploration well, drilled 1Q 2006 — oil discovery. 5,750 BOPD cumulative flow from three zones within thr
Slide 15: Fields, prospects and leads in the northern part of Block 22/12
FIELDS, PROSPECTS AND LEADS IN THE NORTHERN PART OF BLOCK 22/12 Beibu Gull, offshore China "Wei 6-12 Wes: Wei 6-12 SW Oil Accumutation
Slide 16: Key Seismic Line
KEY SEISMIC LINE WEI 6-42 West Prospect Wel 6-42 South Field — zi herrea EW of | A800 fo NW | o ff - i / A se
Slide 17: Beibu Gulf Block 22/12 (FAR 5%)
Beibu Gulf Block 22/12 (FAR 5%* ) Development candidates Discovery Gross rec reserves Crude type (mmbo)} Wei 6-125 28 (pre-crill) Weizhou Wei 6-12 5-10 Weizhou VWei 13-8E Jiaowei (viscous) Wei 12-BW Jigowei (viscous) Wei 12-3 Weizhou Wei 12-2 (not appraised) Liushagang Total * Subject to CNOOC parti
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Slide 19: oo oe oe Tether
oo oe oe Tether - Mi Alice Springs ‘ : |
Slide 20: } MMM:
} MMM: CI HA engin: 2a ee eT ay a . y oo ee, ee Ve ae oo a Zs a ee 7 y Be
Slide 21: Canning Basin prospects
: it Torment-2) to be dr ack well with Valentine GAS FIELD re Praduction Licence Application Aree || Ciland Gas well || AF Cilend Gas show | (Oil shaw: a ae Mejor self wiargintault © <2ns | Leads and prospects . Rite, Devonian carbonate shall edge | ity Gas field ai Ol field
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Slide 23: Canning Drilling
Oeiginaily Published Grd May 2GG7 Lanning Grilling (ARB/FAR/POL/EGLY/ EME) In June, Are Energy will rot ite drill rig: up inte the wells to test the large Valentine prospect anc the ¢ ning Basin fram where it will drill wallower Stakes Bay ciacove Leverage to success at the smaller St shown below. V
Slide 24: WA-254-P
WA-254-P Location - FAR 10./% MADELEINE 4 PROSPECT HUBRIGANE 1 JAl LEGENDRE WEST { “A Duomonte Prospect — A PLANAIRS 1°” LEGENDRE PLA ‘ Duomonte-1 will target the HELLCAT” 49 fel! Legendre Formation at 2,550 SAMSON 1? DELILAAS) metres with d recoverable reserves estimated at 20.4 mmbo WA-28-P (1) 42
Slide 25: US Gulf Coast
US Gulf Coast $an Francisco ” EAGLE PROSPECT Los Angeles UNITED STATES OF AMERICA ~~ e-Cheyenne Mexico Chicago a HARDEMAN BASIN OILFIELDS f LOUISIANA / TEXAS », New Orleans,
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Slide 27: NE Waller Gulf Coast 3D Seismic
NE Waller Gulf Coast 3D Seismic ¢ “Play” based on 100 miles of existing 2D seismic data On strike with fields producing over a quarter trillion cubic feet of gas and thirty million barrels of liquids Experienced operator (AYCO) - successful track record FAR the biggest player (34%) and may recover e
Slide 28: GNBOE
GNBOE, 34
Slide 29: Northwest Territories
Northwest Territories 2-Gannds Highwas “ea Major Foads: ei, Lane: Rivers LOCATION MAP we Provinsin! Capited = Poputared Are
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Slide 33: Mauritania-Senegal-Guinea Bissau Basin
Mauritania-Senegal-Guinea Bissau Basin Deep water play with giant hydrocarbon potential in the productive Mauritania-Senegal-Guinea Bissau Basin Dana Petroleum Blocks? &8 Pelican gas Chinguetti, Tioff, ‘Tevet, and Banda ail s discoveries Fortessa Theis block Edison Rufisque Profond SHOC gngomor Rusu
Slide 34: Play Type Distribution
Play Type Distrib Schematic Cross-Section Highlighting Play Type Distribution Sangomar - Rufleque Blocks, Offshore Senegal Rufiaque Dome ee |) Turonian » Albian (0) Cancmenian sub-Sosctian weconinemlly fag @ Ganhenate debeis apron Aptlun « Mid Juewenie G) pptian-nsdietie carbonntetuita-up ) ouneara
Slide 35: Prospect and Lead Inventory
Prospect and Lead Inventory el Mn > Prospect Cl = Cenomanian elt r | | sandstone reservoirs in sub- / wo Senonian unconformity 4-way depth closure (EUR = 180 - 320mmbo) Prospect N3 = Aptian build-up ina 4-way depth way closure (EUR = 120 — 418 mmbo) Leads N2-N5 = Aptian build-ups Lead N6 = Aptian ca
Slide 36: Senonian Sandstone Stratigraphic Potential
Senonian Sancstone Stratigraphic Potential! >» Numerous amplitude packages associated with canyons in steep slope > Significant upside potential requiring 3D to validate > Banda, Okume, Oveng Banda, Okume, Oveng rans
Slide 37: Santonian channelised fan estimated reserves
Santonian channelised fan estimated reserves Mean= 766.2206 V > fr) < S | Pa £ rm 1000 EUR(mmbo) 204.4695 1503.984
Slide 38: Senegal Exploration Timeline
SENEGAL EXPLORATION TIMELINE ar exten 3, & a1 Q2 Q3 a4 Q3 xm. d pig yo pug i) + = = 3 : & * 7 € ~— ee ee ee ee ee ne ee pal kmigration | fe me a wee oe act Analysis 6 |. [Betermine rig avaitabiity] SOOZIEZ/LL UOlsuepCe LIK POL” Puz Jo pug u [eonvact aang |"
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