Ann: Quarterly Activities & Cashflow Reports, page-4

ConocoPhillips Senegal proposed asset sale

As reported in prior public statements by ConocoPhillips and Woodside, completion of the proposed sale of ConocoPhillips Senegal assets is subject to the rights of partners to pre-empt and Senegal Government approval.

As previously reported, FAR believes a valid pre-emptive rights notice has not been issued to the Senegal joint venture parents by ConocoPhillips, and FAR has invoked its right to resolve this dispute in accordance with the Joint Operating Agreement. At the date of this report, the matter remains unresolved.