Ann: VR-1 well finds oil in Senegal, 8/8 successful wells drilled, page-2

VR-1 well finds oil in Senegal, 8/8 successful wells drilled • The VR-1 well has drilled to a depth of 2759m, below the OWC for the SNE field • The well intersected a 97m gross oil column across multiple reservoirs with highest net pay in any well drilled to date • Greater than expected thickness of Lower SNE Reservoirs in oil column • Best Lower SNE Reservoir properties measured so far in the SNE field • Samples of oil have been taken confirming fluid contacts • FAR expects the VR-1 well results to contribute to a revision of resource estimate for SNE • Well is currently ahead of schedule • Operations are continuing, preparing to deepen and drill into the Aptian carbonate play