Ann: Investor Presentation , page-27

G'day efg4

FAR have done well on a beer budget. They have paid for all 3D work on their blocks in Senegal, Kenya and GB. GB has a 100 mill boe Sinapa discovery to be tested to see if commercially viable with other larger targets nearby.

They have also paid for the failed Kora deep sea well which would have left a lot of minnows like FAR penniless. Be nice to see some more drilling in the AGC Profond block as the Kora target was drilled based on useless CSEM data. The Dome Flore discovery, which has an estimated 500 mmbbl to 1 billion bbl of heavy oil in place more than demonstrates a working hydrocarbon system. Shame that Rocksource stuffed up a 100 mill well in a good block.

Interesting read:

http://www.andrewjohns.ca/sites/default/files/Int'l%20O&G_20121127%20West%20Africa%20-%20Potentially%20Overlooked%20Opportunities.pdf

All this and FAR still have 30 mill in the coffers with more cash to come in on Kenyan farmouts when they eventuate.

Lots of immediate potential to unlock and then great blocks to move onto after either success or failure. Cash in the bank adds another level of insurance to pursue other opportunities if required. If you're playing with high risk/high reward oil exploration juniors such as FAR it's nice to know they have a bag of tricks up their sleeve.

We all thought 2013 was to be the awakening of FAR but it looks like it will be 2014.

Cheers

Plugged

PDYOR