FAR Managing Director, Cath Norman, said: “This highly...

FAR Managing Director, Cath Norman, said:
“This highly successful placement allows FAR to focus on continuing to build value for our shareholders
as we are in a strong funding position through the balance of the company’s 2017 commitments and
through to the final investment decision for the development of the SNE field, expected in early 2019.
We look forward to completing the appraisal of the SNE field with the drilling of the SNE-6 well and
then joining our Senegal joint venture partners in drilling at least one exploration target on the back of
this current drilling campaign.
It is exciting to be in a strong financial position that allows FAR to progress all our exploration projects
and have the time to bring the best partners to our 2018 drilling plans.
FAR is particularly pleased to have seen strong support from very large, leading overseas institutional
investors who recognise the long term potential of the company.
We are particularly pleased that the offer was substantially oversubscribed. It is testimony to the value
that is yet to be unlocked in FAR that we have been able to raise this quantum of money in what is still
a challenging market for oil companies.”
Appendix – Indicative Timetable
Event Date
Trading Halt Wed, 5 Apr 2017
Announcement of Placement Thu, 6 Apr 2017
Trading halt lifted and FAR shares resume trading Fri, 7 Apr 2017
Settlement of first tranche of Placement shares 1 Tue, 11 Apr 2017
Issue and quotation of first tranche of new Placement shares 1 Wed, 12 Apr 2017
Extraordinary general meeting (expected) Mon, 15 May 2017
Settlement of second tranche of Placement shares (expected) Thu, 18 May 2017
Issue and quotation of second tranche of new Placement
shares (expected)
Fri, 19 May 2017
1. These dates have changed from the announcement released on 6 April 2017
This timetable is subject to change without notice.
This release is in relation to the matter referred to in the Company’s trading halt announcement of
6 April 2017. The trading halt can now be lifted.