January 2016 Brent V FAR, page-8

Drilling programme SNE -5, VR-1, SNE-6, FAN-Sth and SNE North.
SNE -5 spud around 23 rd Jan. SNE -North finished around 7 th August.....approx 182 days.
FAR's 17% paying share at 850k per day =32.9 mill. AU.
End of June FAR had 91.3 mill- 32.9 mill = 58.4 mill left over after paying for drilling 5 wells two of which were drilled to 5000m+ another had a interference test and another had DST.
I think 3 wells next year....WPL only have 1 booked, 3 x 25 days x 850k= ~ $13.5 million to FAR. These wells will most likely be much cheaper than this because of the water depth and rig type required but I have used the higher Stenna number.

58.4 - 13.5= 44.9 million left.
I think its safe to say that we have a fair safety margin for the next 12 months. DB