Ann: Results of General Meeting, page-2

Morning All

Those fearing a repeat of my multi-volumed AGM epic can relax: Today's EGM was a swift and relatively news-free affair. 'Highlights' ...

> The tight hole is firmly in place, with tight lips all around. I did ask Cath if she was smiling, to which she disarmingly relied, "I'm always smiling". Best I could do was to gain assurances that all was on track at SNE2. Co secretary Pete Thiessen did tell me that FAR would be compelled to release anything material from SNE2. Obviously nothing yet.

> We will definitely get information after SNE2, allaying fears the JV might wait until the first two wells are complete.

> My sense was it truly is going well. Both Pete and The Admiral said they would love to be able to say more. Clearly that wouldn't be the case of the news were bad.

> The Admiral faired the meeting as the Chair is overseas on business. When asked why the CR was done 'early', he made the telling observation that FAR's costs and cash reserves are in $US and the Board took a view that with no OP recovery in prospect, and the Aussie projected to fall, it was better to raise while there was an opportunity to do so.

> The Board was delighted with a 47% take up by retail investors. BP told them to expect around 30% in a good market, which this isn't.

> No talk of consolidation. The Admiral observed this could only succeed off the back of excellent results and widespread shareholder support.

> Had a good chat with Ben Clube. Interestingly, FAR pitched Djiffere to the JV but the other partners 'couldn't get their act together quickly enough so we went it alone'. Ben observed any discovery on Djiffere would have a much lower commercial threshold than SNE.

And to be honest that's pretty well it. The mood was relaxed and the Company is very happy with the way things are progressing (oil price notwithstanding). I walked away with my confidence in FAR undiminished.

OOO