short term trading - week starting 25 feb, page-58

FAR - Potential for 7 billion barrels of hydrocarbon resources offshore Africa

The new assessment of the prospective resources, on an un-risked, best-estimate basis, concludes that approximately seven billion barrels of hydrocarbon resources (5.4 billion barrels attributable to FAR) could be contained within just two of FAR’s offshore African oil exploration permits.
FAR managing director, Cath Norman, said, “The prospective resources that have now been identified in our Senegalese and Kenya L6 projects are much larger than we originally assessed.
potential in these areas and we are aiming to drill in these blocks before year end”.