Far Ltd · ASX:FAR
Far — First Australian Resources — Investor Presentation (May 2009)
17 slides from Far's investor presentation, May 4, 2009
Slide 1: First Australian Resources Ltd: World Class Leverage
For personal use only First Australian Resources Ltd “World Class Leverage” Investor Presentation May 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 (May 2009) For personal use only • SHELL joins FAR on world class offshore Shares on issue 646,088,344 Senegal Project Share price 7 cents $0.07 Market capitalisation $45,226,184 • Senegal Project has multiple prospects Cash on hand* $13,150,000 Convertible Notes $2
Slide 4: Senegal
For personal use only Senegal 4
Slide 5: Offshore Senegal, West Africa
Offshore Senegal, West Africa • FAR (90%) Operator - only ASX entry in this world class play offshore Senegal For personal use only • Petrosen (NOC) (10%) – SHELL may earn 70% by carrying FAR for 20% in a well • Currently in 2nd phase of license with extension through to November 2009 • The Sangomar
Slide 6: Case Study – Hardman Resources with Oil Price Overlay
Case Study – Hardman Resources with Oil Price Overlay Senegal gives FAR the opportunity to replicate the success of Hardman Resources Hardman market cap $10 million in 1999, market bid of $1.5 billion by Tullow Oil Plc For personal use only in 2006 (started with adjacent Mauritania Project) Feb 2006
Slide 7: Senegal – Stable Environment
Senegal – Stable Environment • Dakar, capital city of Senegal and former capital of French West Africa, is located on the For personal use only westernmost point of Africa, and is known as a gateway to the African continent • A semi-arid country, with a population estimated at more than 10 million,
Slide 8: Senegal 3D Proves-up Massive Prospects
Senegal 3D Proves-up Massive Prospects • Acquired 2050 km2 3D seismic at a cost of US$14 million in 2007 For personal use only • 3D interpretation and Slope fan attribute work completed Q1 2008 • FAR moves to 90% and becomes Operator December 2008 • Government Approves CSEM Program April 2009 • Cont
Slide 9: Senegal Targets
For personal use only Senegal Targets 9
Slide 10: A Brief Overview of Marine Controlled-Source EM
A Brief Overview of Marine Controlled-Source EM For personal use only The CSEM technique aims to map the resistively up to 2 - 3 km below the sea floor to help identify potential hydrocarbon accumulations.
Slide 11: China
For personal use only China 11
Slide 12: Offshore China Block 22/12 Sold
Offshore China Block 22/12 Sold For personal use only FAR 5%* sold to Korean Group in April 2009 for US$ 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 13: North America
For personal use only North America 13
Slide 14: US Gulf Coast & Alberta, Canada
US Gulf Coast & Alberta, Canada For personal use only • FAR has built a mature exploration and production business in the US over almost two decades of doing business in Texas and Louisiana, and in 2005 established an office in Huston, Texas • FAR’s primary focus in the US has recently been on near
Slide 15: Summary
For personal use only Summary 15
Slide 16: 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
Slide 17: More info at www.far.com.au
For personal use only More info at www.far.com.au 17
First Australian Resources — Investor Presentation (May 2009) on 6ix