Ann: Successful connectivity result from SNE-6 appraisal well, page-3

FAR Managing Director, Cath Norman, said,

“The SNE-6 well has been drilled safely and ahead of budget and importantly continues FAR’s successful drilling campaign in Senegal being the ninth well now drilled offshore.

The SNE Field appraisal program was designed to prove commercially viable size, deliverability and connectivity for the field. Having successfully proven size and deliverability in the 2016 drilling campaign, the 2017 program was designed to understand the connectivity of the Upper Reservoirs in the field. The SNE-6 results, together with the results from the earlier SNE-5 and VR-1 well, successfully confirmed connectivity and hence the appraisal objectives for the field have now been achieved.

As a result, the Joint Venture now has the essential data to progress with pre-development work and plan to submit a SNE field development plan to the Government of Senegal in 2018.

Our focus is now moving to the south where we are drilling a new, pure exploration well in FAN South- 1. Success in this well will further confirm offshore Senegal as one of the world’s oil exploration hot spots.”