FAR Limited

Equities

FAR

AU000000FAR6

Oil & Gas Exploration and Production

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
0.43 ^AUD	0.00%		0.00%	+19.44%

Apr. 12	FAR Limited Announces Chief Financial Officer Changes	CI
Apr. 12	FAR Limited Announces Director Changes	CI

FAR : Investor Update The Gambia

November 21, 2017 at 09:20 pm EST

The Gambia

FAR's next frontier

November 2017

Our Company

ASX:FAR Market cap A$410M1
Strategic focus Mauritania-Senegal-Guinea-Bissau (MSGB)
Basin, NW Africa
8 exploration permits in MSGB Basin
Basin opening discoveries in Senegal in 2014
Funded to SNE field development FID
Strong balance sheet: cash Q3 A$63M, no debt
Strong commitment to supporting social and educational
programs
Strategic partnership with CNOOC UK
Awarded African "Breakthrough Company of the Year 2016"
and "African Explorer of the Year 2017"
Operator and 80% partner in the highly prospective A2/A5 blocks offshore The Gambia
Drilling A2/A5 2018
1: Market capitalization at 17 November 2017
FAR in the MSGB Basin
FAR is one of the largest acreage holders in the MSGB Basin
FAR in Senegal since 2006, Guinea Bissau since 2008 and The Gambia since March 2017
Basin opening FAN-1 and SNE-1 oil discoveries,
2014
SNE ranked as worlds largest oil discovery in 2014
11 deep water wells with a 100% success rate
FAR 15% Senegal (Cairn Energy operator), 20%
Guinea Bissau (Svenska Operator)
FAR Farmed into 80% of blocks A2/A5 The Gambia in March 2017
FAR operates blocks A2/A5
First exploration well offshore The Gambia since 1979 to be drilled late 2018
FAR LICENCES OFFSHORE SENEGAL, THE GAMBIA & GUINEA-BISSAU
FAN-1 and SNE-1 opened up Senegal
Industry hotspot - increased investment and activity
FAN and SNE discoveries 2014
FAN South and SNE North discoveries 2017
7 successful SNE appraisal wells drilled over 2015/16/17
100% drilling success (11 wells) to date
Major gas discoveries made in 2015, 2016,
2017 by Kosmos and partners
BP farm-in to Kosmos acreage introduces a large IOC to the basin
CNOOC farm-in to Impact acreage in AGC March 2017
Total awarded ROP block May 2017

Stellar Energy Advisers stated "The SNE discovery saved African exploration"

FAR Limited published this content on 22 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 November 2017 02:19:05 UTC.

Original documenthttp://far.live.irmau.com/irm/PDF/2357_0/InvestorUpdateTheGambia

Public permalinkhttp://www.publicnow.com/view/B1B23E876C157B7EEDA8EF8C4F3EA87C0438FB43

Latest news about FAR Limited

FAR Limited Announces Chief Financial Officer Changes	Apr. 11	CI
FAR Limited Announces Director Changes	Apr. 11	CI
FAR Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
FAR No Longer Exposed to $4 Million Tax Claim Tied to 2021 RSSD Project Stake Sale; Shares Jump 13%	Feb. 15	MT
Boadicea Resources Hires Former FAR Boss as New Managing Director	23-10-26	MT
FAR Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-01	CI
Transcript : FAR Limited - Shareholder/Analyst Call	23-08-17
FAR Seeking Shareholder Approval for Capital Return	23-06-19	MT
Transcript : FAR Limited - Shareholder/Analyst Call	23-05-30
FAR Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-29	CI
FAR Limited Announces Board Changes	23-01-29	CI
Transcript : FAR Limited - Shareholder/Analyst Call	23-01-24
FAR Plans to Buy Back Shares	22-11-16	MT
FAR Limited authorizes a Buyback Plan.	22-11-16	CI
FAR Limited announces an Equity Buyback for 9,888,988 shares, representing 10% of its issued share capital.	22-11-16	CI
FAR Limited Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-11	CI
FAR Limited Announces Change Company Secretary	22-07-10	CI
Transcript : FAR Limited - Shareholder/Analyst Call	22-05-30
Far Names New CFO	22-04-06	MT
FAR Limited Announces Executive Changes	22-04-06	CI
FAR Limited Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-29	CI
FAR Limited Announces Managing Director Changes	22-03-23	CI
FAR Limited Announces Resignation of Catherine Norman as Managing Director	22-03-23	CI
FAR Limited Announces Catherine Norman Resignation as Director	22-03-23	CI
FAR Limited Appoints Alan Stein as Director	22-03-21	CI

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Company Profile

FAR Limited is an Australia-based oil and gas exploration and development company with high value assets in West Africa and Australia. In West Africa, the Company holds a portfolio of exploration licenses in The Gambia and Guinea-Bissau. The Company also holds acreage surrounded by petroleum systems in the state of Western Australia. Through its wholly owned subsidiary, Lightmark Enterprises Pty Ltd, the Company has a 100% interest in Petroleum Exploration Permit WA-458-P, which is in the prolific oil-producing Dampier Sub-basin along Australiaâs Northwest Shelf. The Company in Senegal, which consist of FAN-1 and SNE-1 exploration wells. Guinea-Bissau, which consists of Sinapa (Block 2) and Esperanca (Blocks 4A and 5A) offshore licenses. The Company holds interest in offshore Western Australia exploration permits, including WA-457-P and WA-458-P. The Company serves across both the oil & gas and energy transition sectors.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-30 - Annual General Meeting

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Sector Other Oil & Gas Exploration and Production

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