Bissau: Prospecções de petróleo em 2015

In December 2012, the Government of Guinea-Bissau approved a 3 year extension to the current exploration term. The extension period began on 26 November 2012 and has no work program obligations.
FAR and its Joint Venture partner Svenska Petroleum Exploration AB has approved a work program and budget which includes one firm appraisal well and one contingent exploration well. In response to the ongoing elections in Guinea Bissau, the Joint Venture has postponed plans to drill the first well until March 2015 and a revised budget and work program for the 2014 period is being compiled
The Sinapa appraisal well will be drilled into the Sinapa Oil field discovered by Premier in 2004. If this well is a commercial success then a further exploration well will be drilled. FAR has a 21.43% paying interest and 15% working interest in the Sinapa and Esperanca blocks offshore Guinea-Bissau. During the quarter FAR completed an internal assessment of the contingent and prospective resources in its Guinea-Bissau blocks (reference: ASX release 05/02/2014)*.
FAR continues to monitor the political situation in Guinea-Bissau very closely and is in discussions with the Operator on the Joint Venture’s future plans and expenditures in light of potential developments in country. Democratic elections have been scheduled to conclude during May 2014. The international community has committed to supporting the electoral process and nation building initiatives afterwards.

------- As prospecções de suecos e australianos nas águas da Guiné-Bissau, ao largo das Bijagós, deverão pois começar em Março de 2015, segundo este relatório da FAR, empresa da Austrália