Far Ltd · ASX:FAR
Far — Resources Rising Stars Conference 2013
20 slides from Far's conference presentation, Oct 2, 2013
Slide 1: FAR's African story is ready to unfold
FAR’s African story is ready to unfold For personal use only Resources Rising Stars Conference October 2013
Slide 2: Disclaimer
Disclaimer For personal use only • This presentation has been prepared by FAR Limited (“FAR” or the “Company”). constraints, securing drilling rigs, timing of approvals from relevant authorities, It should not be considered as an offer or invitation to subscribe for or purchase regulatory risks, ope
Slide 3: Our Company
Our Company For personal use only • Australian junior oil and gas explorer Capital Structure • Listed on Australian Securities exchange ASX: FAR Shares on issue 2,499,846,742 Share price (at 30 Sep 2013) A$0.044 • Diversified, large scale African asset base Market capitalisation A$110M (9 licences i
Slide 4: FAR Board
FAR Board For personal use only Nicholas Limb Geophysicist and investment banker Non-Executive Chairman 15 years as MD/Chairman of an ASX listed, international mining company, Australia. Appointed 2012 10 years in Financial services with May and Mellor and HSBC. 35 years industry experience in the r
Slide 5: Offshore West Africa
Offshore West Africa For personal use only Strong acreage position in Senegal, AGC Profond & Guinea Bissau
Slide 6: Senegal
Senegal For personal use only • Farm in deals recently signed to drill 2 wells H1 2014 RUFISQUE, SANGOMAR & SANGOMAR DEEP OFFSHORE 16.7% paying interest, 15% beneficial interest • Partners are Cairn Energy (40%) and (on conclusion of farm-out and Government approval) ConocoPhillips (35%) Operator: C
Slide 7: Senegal: Cross section through geology
Senegal: Cross section through geology For personal use only 8
Slide 8: Senegal: North Fan Prospect
Senegal: North Fan Prospect For personal use only North Fan Prospect Best estimate unrisked prospective resource* North Fan (H 82) 117 mmbbls North Fan (H 85) 199 mmbbls North Fan (H 88) 151 mmbbls North Fan (H 89) 165 mmbbls West East Approximate North Fan Well location *From FAR internal prospecti
Slide 9: Senegal: 'L' Prospect
Senegal: ‘L’ Prospect Lupalupa objective (Albian sands) Albian Amplitude Extraction For personal use only L Prospect FAR Most Likely unrisked Prospective Resource Lupalupa – Albian sands 154 mmbbls Boabab – Aptian carbonates 491 mmbbls Baobab Objective (Aptian carbonates) 10
Slide 10: Senegal: Prospects and Leads summary
Senegal: Prospects and Leads summary For personal use only • Petroleum system established – Rufisque Dome • World class Turonian and Cenomanian source rocks • Drilling shelf edge and deepwater fan • ~550 million barrels1 oil shelf prospect • ~900 million barrels1 deepwater fan prospect • Chance of d
Slide 11: Guinea-Bissau and AGC
Guinea-Bissau and AGC For personal use only • One block in AGC, three blocks offshore Guinea Bissau BLOCKS 2, 4A & 5A AGC PROFOND • Large permit area > 15,000 km2 15% interest 8.8% interest • Shallow water (60m) Operator: Svenska Petroleum Operator: Ophir Energy PLC • Sinapa oil discovery (Premier 2
Slide 12: East Africa
East Africa For personal use only Large equity in fast emerging oil and gas margin
Slide 13: Offshore Kenya
Offshore Kenya For personal use only • Large acreage position in Lamu basin BLOCK L6 BLOCK L9 • Acreage tightly held 60% interest 30% interest • Great neighbours! Operator: FAR Limited Operator: Ophir Energy PLC • Apache discovered gas in Block L8, August 2012 • Anadarko had oil shows in offshore Bl
Slide 14: Kenya Block L6
Kenya For personal use only Block L6 BLOCK L6 BLOCK L9 • FAR operator with 60% interest 60% interest 30% interest • 3.7 billion bbl1 oil potential in block Operator: FAR Limited Operator: Ophir Energy PLC • High quality prospects identified on new 3D (130-330 million bbl1 prospects) • Emerging oil p
Slide 15: Kenya Block L6: Prospects and Leads
Kenya Block L6 : Prospects and Leads For personal use only • 3.7 billion barrel oil prospectivity1 Miocene Reefs Kudu • 3D seismic completed April 2013 Updip Miocene fans • Identification of new Miocene reef play Kipini Eocene • Supported by DHI’s and a known working hydrocarbon clastics system Cret
Slide 16: Kenya Block L6: Miocene reefs
Kenya Block L6 : Miocene reefs For personal use only Kifaru prospect SW Kifaru West Kifaru NE • 60-260m water • CoS 19% • 178 mmbbls1 Kifaru West prospect • 60-260m water • CoS 18% • 130 mmbbls1 L6 Reef Prospect Best estimate unrisked prospective resource1 Kifaru 178 mmbbls or 517 bcf Kifaru West 13
Slide 17: Kenya Block L6: Tembo structure
Kenya Block L6 : Tembo structure For personal use only NW Tembo SE Top Kipini Sand (contour interval 25m) L6 Tembo Prospect Best estimate unrisked prospective resource* Eocence Sands** 327 mmbbls or 807 bcf *From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospect
Slide 18: Kenya: Community relations
Kenya: Community relations For personal use only Mark Jenkins addressing a local community along the coast Community awareness program, coast of Kenya Locating the Kipini-1 wellhead Collecting data for the Environmental Impact Assessment 20
Slide 19: Timetable of events
Timetable of events For personal use only 2013 2014 SENEGAL Drill Planning Drilling Drilling Evaluation of Drilling Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Apache/BG/Afren Wells KENYA Farmout Drill Planning Drilling L6 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun J
Slide 20: FAR's African story is ready to unfold
FAR’s African story is ready to unfold For personal use only • Two major farm out deals completed • Drilling two wells offshore Senegal early 2014 with ConocoPhillips and Cairn Energy • FAR free carried through ~$200M drilling in Senegal • Senegal drilling to test 1.6bbbls oil • Large equity positio