Far Ltd · ASX:FAR
Far — First Australian Resources — Good Oil Conference 2009
12 slides from Far's conference presentation, Sep 1, 2009
Slide 1: West African Positives – post Shell
For personal use only First Australian Resources Ltd “West African Positives – post Shell” Good Oil Conference September 2009 1
Slide 2: Disclaimer
DISCLAIMER For personal use only ¾ This presentation does not constitute an offer to sell securities and is not a solicitation of an offer to buy securities. It is not to be distributed to third parties without the consent of First Australian Resources Limited. (“FAR”). ¾ This presentation contains
Slide 3: Overview of FAR
Overview of FAR Capital Structure (Sept 2009) For personal use only • Strong balance sheet and Shareholder Shares on issue 658,232,784 base > 5,500 Share price $0.050 Market capitalisation $32,911,639 • Opens the door to new opportunities and Cash on hand* $13,150,000 Convertible Notes $2,971,165 un
Slide 4: West Africa
For personal use only West Africa 4
Slide 5: Senegal 3D Proves-up Massive Prospects
Senegal 3D Proves-up Massive Prospects • Acquired 2050 km2 3D seismic at a cost of US$14 million in 2007 For personal use only • 3D interpretation and Slope fan attribute work completed Q1 2008 • FAR moves to 90% and becomes Operator December 2008 • Shell funded CSEM program acquisition May 2009 • S
Slide 6: West African Positives
WEST AFRICAN POSITIVES • Large equity (90%) / acreage (7,490 sq km) / operatorship available For personal use only • Over US$21m spent on 3D seismic and CSEM • Contract Extension has NOC support • Drill ready prospects / different play types / other offers remain to follow up • Big neighbours in Edi
Slide 7: Offshore Senegal, West Africa
Offshore Senegal, West Africa For personal use only • FAR (90%) Operator - only ASX entry in this world class play - Petrosen (NOC) (10%) • Currently in 2nd phase of license to 22 November 2009 • The Sangomar-Rufisque offshore licence (3 concessions) covers an area of 7,490 sq km over the shelf, slo
Slide 8: Senegal Targets
For personal use only Senegal Targets 8
Slide 9: China
For personal use only China 9
Slide 10: Offshore China Block 22/12 Sold
Offshore China Block 22/12 Sold For personal use only FAR 5%* sold to Korean Group in April 2009 for US$ 8million payable: •US$2 million received •US$3 million upon approval of an Oilfield Development Program (“ODP”) or if commercial development of the project proceeds •US$3 million once the project
Slide 11: Summary
For personal use only Summary 11
Slide 12: Summary
Summary For personal use only • FAR has a 90% interest in 3 concessions offshore Senegal: • 2,050 sq km of 3D processed data • mapped multiple prospects including: • 3D defined Aptian shelf edge prospect, mean potential exceeding 1 billion barrels of oil in place; and • Fan systems such as 3D mapped
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