Latest Fastnet Company Investor Presentation (PDF - 5.2MB)

Company StrategyEarly Mover Foum Assaka MoroccoCreate Early Drilling Potential Foum AssakaValidate Potential & “Running Room” Foum AssakaIrelandAccelerate Drilling Foum Assaka Tendrara-Lakbir Morocco− Seek opportunities in dormant areas with latent potential− First to identify and apply for the Foum Assaka Licence− JV with operators with proven track record to mature prospects for drilling− Partnered with Kosmos Energy at early stage− Important for market perception of risk and reward− BP farms in to Kosmos equity – two wells: no “one well boom or bust”− Fastnet farmout concluded on 18 th December 2013− 3D Seismic acquired over Mizzen and Deep Kinsale licences (1,910km 2 )− Early processing results very positive – farmout anticipated Q1 2014− JV with partners capable of securing rigs− Kosmos and BP− Fastnet had identified early drilling as key to early gas monetisation inembryonic gas market growing by government commitment to develop gasto-powerTransparent exit strategy• Work in Progress“Lean” Board Salaries & Overhead Fastnet Oil & Gas Plc.− Cove Energy model – monetise after exploration success by “fit-for-purpose”corporate structure – separate subsidiaries in each geographic area− Distinguishes Fastnet from many AIM-listed companies− Early drilling creates early exit opportunity in success case− Management currently hold >15% equity aligning interests with shareholders− Board salaries low and no pension etc. entitlements; no bonuseswww.fastnetoilandgas.com 4