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FAR LIMITED — Investor Presentation 2013
Sep 9, 2013
64899_rns_2013-09-09_ab40a1fe-73f6-4ea4-be35-70951c2491cb.pdf
Investor Presentation
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FAR’s African story is ready to unfold
Investor Presentation September 2013
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Disclaimer
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This presentation has been prepared by FAR Limited (“FAR” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. It is not to be distributed to third parties without the consent of FAR.
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This presentation contains forward-looking statements and projected drilling schedules that are not based on historical fact, including those identified by the use of forward-looking terminology containing such words as “believes”, “may”, “will”, “estimates”, “continue”, “anticipates”, “intends”, “expects”, “should”, “schedule”, “program”, “potential” or the negatives thereof and words of similar import.
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Management of FAR cautions that these forward-looking statements are subject to risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Management believes that the estimates are reasonable, but should not unduly be relied upon.
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FAR makes no representation, warranty (express or implied), or assurance as to the completeness or accuracy of these projections and, accordingly, expresses no opinion or any other form of assurance regarding them. Management does not intend to publish updates or revisions of any forward-looking statements included in this document to reflect FAR’s circumstances after the date hereof or to reflect subsequent market analysis.
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By its very nature exploration for oil and gas is a high risk business and is not suitable for certain investors. FAR securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to FAR and of a general nature which may affect the future operating and financial performance of FAR and the value of an investment in FAR including and not limited to economic conditions, stock market fluctuations, oil and gas demand and price movements, regional infrastructure
constraints, securing drilling rigs, timing of approvals from relevant authorities, regulatory risks, operational risks, reliance on key personnel, foreign currency fluctuations, and regional geopolitical risks.
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You should not act or refrain from acting in reliance on this presentation material. This overview of FAR does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.
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The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.
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Information in this report relating to hydrocarbon resource estimates has been compiled by Peter Nicholls, the FAR Ltd exploration manager. Mr Nicholls has over 30 years of experience in petroleum geophysics and geology and is a member of the American Association of Petroleum Geology, and the Petroleum Exploration Society of Australia. Mr Nicholls consents to the inclusion of the information in this report relating to hydrocarbon Prospective Resources in the form and context in which it appears. The Prospective Resource estimates contained in this report are in accordance with the standard definitions set out by the Society of Petroleum Engineers, Petroleum Resource Management System.
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| Our Company • Australian junior oil and gas explorer • Listed on Australian Securities exchange ASX: FAR • Diversified African asset base (9 licences in 3 countries) • Exposure to both transform margins in West Africa and Lamu Basin, Kenya • Large scale acreage position • 7+ billion bbl prospect and lead inventory • 2 major farm out deals concluded • 5 wells in the next 18 months • Near term drilling catalysts in adjacent blocks (Anadarko, BG, Afren, Apache) • Strong cash position to be bolstered by $5M from Cairn Energy |
Our Company • Australian junior oil and gas explorer • Listed on Australian Securities exchange ASX: FAR • Diversified African asset base (9 licences in 3 countries) • Exposure to both transform margins in West Africa and Lamu Basin, Kenya • Large scale acreage position • 7+ billion bbl prospect and lead inventory • 2 major farm out deals concluded • 5 wells in the next 18 months • Near term drilling catalysts in adjacent blocks (Anadarko, BG, Afren, Apache) • Strong cash position to be bolstered by $5M from Cairn Energy |
Capital Structure Shares on issue 2,499,846,742 Share price (at 6 Sep 2013) A$0.041 Market capitalisation A$102.5M Cash and term deposits (at 6 Sep 2013) A$26.7M Enterprise value A$75.8M Unlisted options 132.0M |
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| • Australian junior oil and gas explorer • Listed on Australian Securities exchange ASX: FAR • Diversified African asset base (9 licences in 3 countries) • Exposure to both transform margins in West Africa and Lamu Basin, Kenya • Large scale acreage position • 7+ billion bbl prospect and lead inventory • 2 major farm out deals concluded • 5 wells in the next 18 months • Near term drilling catalysts in adjacent blocks (Anadarko, BG, Afren, Apache) • Strong cash position to be bolstered by $5M from Cairn Energy |
FAR Board
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Nicholas Limb
Geophysicist and investment banker
Non-Executive Chairman Appointed 2012
15 years as MD/Chairman of an ASX listed, international mining company, Australia.
10 years in Financial services with May and Mellor and HSBC. 35 years industry experience in the resources industry.
Catherine Norman
Geophysicist
Managing Director Appointed Nov 2011
6 years as MD of Flow Energy Limited. 10 years as Managing Director of international oil services company in the UK developing projects in Europe, Africa and the Middle East region. 25 years experience in the resources industry.
Ben Clube
Geologist and Chartered Accountant
Executive Director and Commercial Manager Appointed 2013
26 years of experience in the resource sector. Senior Finance Executive BHP Petroleum where he held roles across the full life cycle of exploration, development and operations. Finance Director and Company Secretary of Oilex Ltd prior to joining FAR.
Charles Cavness Attorney at law Non-Executive Director Served in the legal departments of two large American oil companies, Penzoil Corporation and Arco. Appointed 1994 He has spent his entire career in the oil industry and consequently has experience in the United States, Latin America and the Middle East. 35 years experience in the oil sector.
Fellow Certified Practising Accountant
Albert Brindal
Non-Executive Director Appointed 2007
Director of the Company since 2007 and served as the Company Secretary since 2000. Broad commercial experience and Chairman of Remuneration Committee.
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Africa: West and East emerging oil and gas provinces
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9 exploration licenses in 3 countries, combined 31,400 km[2] area
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Combined best estimate unrisked prospective resources 7,000 mmbbls[*]
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5 wells in next 18 months[1]
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Senegal Kenya
Unexplored frontier Exciting frontier
Billion barrel potential Large equity positions
AGC Profond
Multiple prospects
Expansive acreage
Guinea-Bissau
Sinapa discovery
Drill ready
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1Assuming current options are taken up *From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospective resources, 100% basis, oil only
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Offshore West Africa
Strong acreage position in Senegal, AGC Profond & Guinea Bissau
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Senegal
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Farm in deals recently signed to drill 2 wells H1 2014
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Partners are Cairn Energy (40%) and ConocoPhillips (35%)
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US$190M Estimated to be spent on drilling
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FAR to receive ~US$10M in net cash
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FAR retains 15% (after farm ins completed)
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Size of prize pool 3.5 billion barrels oil[*] ,
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525 million bbls[*] net to FAR
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*From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospective resources, 100% basis, oil only
RUFISQUE, SANGOMAR & SANGOMAR DEEP OFFSHORE 16.7% paying interest, 15% beneficial interest (on conclusion of farm-out and Government approval) Operator: Cairn Energy PLC
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Senegal: Prospects and Leads
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Petroleum system established – Rufisque Dome
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World class Turonian and Cenomanian source rocks
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Drilling shelf edge and deepwater fan
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~550 million barrels[1] oil shelf prospect
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~900 million barrels[1] deepwater fan prospect
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Chance of discovery 25%
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Multiple other prospects and plays in area
| Prospect | Play | Oil(mmbbls)1 |
|---|---|---|
| Lufti | Buried Hill | 203 |
| Sabar | Buried Hill | 304 |
| Lamb-Ji | Buried Hill | 136 |
| Ramatou | Buried Hill | 58 |
| Lupalupa | Albian Shelf edge | 154 |
| Boabab | Aptian | 491 |
| Alhamdulillah North | Salt anticline | 252 |
| Sth Canyon | Slope Fans | 439 |
| Central Canyon | Slope Fans | 612 |
| North Canyon | Slope Fans | 304 |
| Beer | EarlyFans | 632 |
| Total - Gross | 3,585 | |
| Total - Net to FAR | After farmout | 538 |
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1From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospective resources, 100% basis, oil only
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Senegal: North Fan Prospect
| North Fan Prospect | North Fan Prospect |
|---|---|
| Best estimate unriskedprospective resource* | |
| North Fan(H 82) | 117 mmbbls |
| North Fan(H 85) | 199 mmbbls |
| North Fan(H 88) | 151 mmbbls |
| North Fan(H 89) | 165 mmbbls |
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West East
Approximate North
Fan Well location
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- *From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospective resources, 100% basis, oil only
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Senegal: ‘L’ Prospect
Lupalupa objective (Albian sands)
Albian Amplitude Extraction
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L Prospect
FAR Most Likely unrisked Prospective Resource Lupalupa – Albian sands 154 mmbbls Boabab – Aptian carbonates 491 mmbbls
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Baobab Objective (Aptian carbonates)
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Guinea-Bissau and AGC
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One block in AGC, three blocks offshore Guinea Bissau
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Large permit area > 15,000 km[2]
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Shallow water (60m)
BLOCKS 2, 4A & 5A AGC PROFOND 15% interest 8.8% interest Operator: Svenska Petroleum Operator: Ophir Energy PLC
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Sinapa oil discovery (Premier 2004)
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Potential Sinapa appraisal well in 2014
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Follow on exploration potential on success
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SENEGAL
GUINEA BISSAU
2
4A
5A
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East Africa
Large equity in fast emerging oil and gas margin
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Offshore Kenya
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Large acreage position in fast emerging Lamu basin
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100TCF recoverable gas discovered in the last three years in Rovuma Basin to south
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16 offshore wells drilled offshore Mozambique and Tanzania since March 2010 and 14 major discoveries
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Acreage tightly held
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Great neighbours!
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Apache discovered gas in Block L8, August 2012
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Anadarko had oil shows in offshore Block L7, April 2013
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Further drilling in 2013/14 by Anadarko, BG, Afren and Apache
BLOCK L6 BLOCK L9 60% interest 30% interest Operator: FAR Limited Operator: Ophir Energy PLC
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Kenya
Block L6
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FAR operator with 60% interest
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3.7 billion bbl[1] oil potential in block
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High quality prospects identified on new 3D (130-330 million bbl[1] prospects)
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Emerging oil prone carbonate reef play
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Enormous follow up potential
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Farming down for drilling in 2014
Block L9
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FAR 30% interest in block
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Operator Ophir Energy
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Highly prized block
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Joint venture arrangements nearing completion
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Farming down for drilling
BLOCK L6 BLOCK L9 60% interest 30% interest Operator: FAR Limited Operator: Ophir Energy PLC
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Kubwa
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1From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospective resources, 100% basis, oil only
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Kenya Block L6 : Prospects and leads
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Maridadi-1 Oil Sample Miocene
Reefs Kudu
Updip
Miocene fans Kipini
Eocene
clastics
Cretaceous
clastics Chui
2D Prospect
3D Prospect
Nyati
SW Kifaru West Kifaru NE Nyati
West
Kiboko
20kms
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Kenya Block L6 : Miocene reefs
Kifaru prospect
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SW
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Kifaru West Kifaru
NE
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60-260m water
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CoS 19%
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29 km[2]
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178 mmbbls1 or 517 bcf[1]
Kifaru West prospect
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60-260m water
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CoS 18%
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24.5km[2]
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130 mmbbls1 or 388bcf[1]
L6 Reef Prospect
Best estimate unrisked prospective resource* Kifaru 178 mmbbls or 517 bcf Kifaru West 130 mmbbls or 388 bcf
- *From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospective resources, 100% basis, oil only
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Kenya Block L6 : Tembo structure
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NW
Top Kipini Sand
(contour interval 25m)
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L6 Tembo Prospect
Best estimate unrisked prospective resource Eocence Sands[*] 327 mmbbls or 807 bcf
- *From FAR internal prospective resources 27 Feb 2013, best estimate, gross, unrisked prospective resources, 100% basis, oil only
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SE
Tembo
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** Top sand only. Additional upside if more levels are oil bearing
Cross section through Lamu Basin
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L6 L8 L7
Davey Walu
Kifaru Tembo High Mbawa Kubwa Depth
1000
2000
Reefs Tertiary
3000
Delta sands
S 4000
Turbidites
S
Cretaceous 5000
6000
S
Jurassic 7000
8000
9000
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Kenya: Community relations
Mark Jenkins addressing a local community along the coast
Locating the Kipini-1 wellhead
Community awareness program, coast of Kenya
Collecting data for the Environmental Impact Assessment
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Timetable of events
| Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Farmout Drill Planning Drilling KENYA L6 AGC AGC Profond Data Processing G&G AUSTRALIA NW Shelf 3D Seismic & Data Processing G&G Drill Planning Evaluation of Drilling Drilling SENEGAL Drilling KENYA L9 Farmout G & G Drilling Drill Planning GUINEA BISSAU Blocks 2, 4A & 5A Drill Planning Drilling Drilling Evaluation of Drilling Apache/BG/Afren Wells |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drill Planning | Drilling | Drilling | Evaluation of Drilling | |||||||||
| Jul Aug Sep Oct Nov Dec |
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Apache/BG/Afren Wells |
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| Farmout | Drill Planning | Drilling | ||||||||||
| Jul Aug Sep Oct Nov Dec |
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |
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| Farmout | G & G | Drill Planning | Drilling | |||||||||
| Jul Aug Sep Oct Nov Dec |
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |
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| Drill Planning | Drilling | Drilling | Evaluation of Drilling | |||||||||
| Jul Aug Sep Oct Nov Dec |
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |
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| Data Processing | G&G | |||||||||||
| Jul Aug Sep Oct Nov Dec |
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |
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| 3D Seismic & Data Proce | ssing | G&G | ||||||||||
| Jul Aug Sep Oct Nov Dec |
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |
This timetable is indicative and final timetable will be determined when government approvals, availability of rigs and seismic vessels are confirmed
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is ready to unfold
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