Far Ltd · ASX:FAR
Far — Sydney Mining Club (August 2017)
9 slides from Far's conference presentation, Aug 3, 2017
Slide 1: FAR Limited
FAR Limited Sydney Mining Club 3 August 2017
Slide 2: FAR Limited
FAR Limited • Fifth largest E&P on the ASX • Strategic focus Mauritania- Senegal-Guinea-Bissau (MSGB) Basin, NW Africa • 10 deepwater exploration/appraisal wells drilled with 100% success rate – incredible • SNE field largest oil discovery in 2014
Slide 3: Top 10 largest offshore oil discoveries
Top 10 largest offshore oil discoveries 3
Slide 4: FAR relative performance
FAR relative performance Relative performance since 1 Jan 2017 $0.10 $0.09 FAR: Share price (A$p.s.) $0.08 7.5cps +0% ASX-200 Energy: 8,744 (3.3)% $0.07 Brent oil: US$52.7 (7.4%) $0.06 $0.05 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 FAR S&P ASX-200 Energy Index (rebased) Brent oil (US$/bbl, r
Slide 5: Size of the SNE oil field, offshore Senegal
Size of the SNE oil field, offshore Senegal Pre-Drill Post discovery April 2016 August 2016 (Oct 2014) (Nov 2014) P90 : 50mmbbls 1C: 150 mmbbls 1C: 277 mmbbls 1C: 348 mmbbls P50 : 154 mmbbls 2C: 330 mmbbls 2C: 561 mmbbls 2C: 641 mmbbls P10 : 350 mmbbls 3C: 670 mmbbls 3C: 1071 mmbbls 3C: 1128 mmbbls
Slide 6: FAR in Senegal
FAR in Senegal FAR LICENCES OFFSHORE SENEGAL, THE GAMBIA & GUINEA-BISSAU 6
Slide 7: Costs coming down
Costs coming down SNE-2 flow test 7
Slide 8: Capturing the upside
Capturing the upside — @ Oildiscovery Gas discovery Late Cretaceous Fan Late Cretaceous Shelf Late Albian Shelf @ Albian Fan @ Albian Shelf The Gambia 3D seismic Djiffere Offshore eee Sangomar Senegal “SFARLimited
Slide 9: FAR moving forward
FAR moving forward • Upgrade to SNE field size • Final economics to be released • Drilling in The Gambia • Right to pre-empt COP sale to be resolved