Latest Fastnet Company Investor Presentation (PDF - 5.2MB)

Forward Program and Exit Strategy• Reprocess existing 3D seismic data to select drilling location in reservoir “sweet spot” defined by strongseismic amplitudes• Re-evaluate historical drilling data and extended well test data• Objective is to engineer a well to potentially deliver 4 – 7 mm cfgpd on testing – TE-5 TAGI reservoirparameters are comparable to those for the producing Meskala Field• Drill and test appraisal well on TE-5 Structure by 30 September 2014 – a suitable land rig has beenidentified• 45 day well drilled to 2,600 meters maximum depth – estimated total cost c. USD 8 MM• Achieving the predicted well deliverability will de-risk a gas development for the substantial amounts of gasalready encountered in the TE-5 Structure and the exploration upside, allowing Fastnet to commission anupdated independent CPR report to support a future trade sale• Exit through a future trade sale, potentially at a multiple uplift to the value of the investment in drilling, to autility/gas-focussed integrated oil and gas company seeking a dominant position in the downstream gasbusiness – mirroring Cove Energy’s strategy in East Africa of proving up sufficient gas resources throughdrilling that is of attracting a potential bidder for the assetswww.fastnetoilandgas.com 19