Latest Fastnet Company Investor Presentation (PDF - 5.2MB)
Latest Fastnet Company Investor Presentation (PDF - 5.2MB)
Latest Fastnet Company Investor Presentation (PDF - 5.2MB)
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Capital Expenditure – through to Q4 2014(US$’000) 1 (£’000)Placing proceeds 16,000 10,000Cash balance (Q3 2013) 10,602 6,626TOTAL 26,602 16,626Corporate costs (2,281) (1,426)Offshore Ireland (1,356) (847)Foum Assaka (Offshore Morocco) 2 (468) (292)Tendrara (Onshore Morocco) (13,286) (8,304)Deal costs (1,040) (650)Total cash outflow (18,431) (11,519)Balance 3 8,171 5,107Notes:1. Exchange rate of £1:US$ 1.62. Forecast costs are based on farm-out terms which include a reimbursement of past costs and a carry for drillingactivities in 20143. Excludes any potential cash proceeds of Celtic Sea farm-out (total past costs including 3D seismic survey are c. $20m)www.fastnetoilandgas.com 28