Petrosen Company News

Kosmos reported that the Yakaar-2 appraisal well confirms a world-scale natural gas resource.

ConocoPhillips confirms that Australia's FAR holds a right of pre-emption over the former's sale of its stake in Senegal to Woodside for up to $430 million.

The Guembeul-1 exploration well, located in the northern part of the St. Louis offshore profond license area in Senegal, has made a "significant" gas discovery.

Drilling operations at the second appraisal well on the SNE oilfield have begun, following the completion of SNE's first appraisal well, SNE-2.

Far Energy provides an update on drilling at SNE-2 appraisal well in the SNE oil field offshore Senegal.

FAR Ltd, along with its joint venture partners, receives a presidential decree to extend a current Petroleum Sharing Contract (PSC) in Senegal by three years, starting from February 6, 2016.

Australia's FAR Ltd. says the Ocean Rig Athena drillship is mobilizing to drill three appraisal wells at the SNE field offshore Senegal in late October.

FAR Ltd. expects the Ocean Rig Athena drillship to mobilize to Senegal for an offshore drilling program shortly.

FAR commences a new 3D seismic survey, with its joint venture partners, over the Sangomar Deep, Sangomar and Rufisque permits, located offshore Senegal.

Cairn Energy reports that its FAN-1 exploration well has found up to 2.5 billion barrels of oil.

Kosmos Energy is set to sign a $400 million "farm-in" agreement with Petrosen and Timis Corp to take a 60% stake in the Cayar and St. Louis offshore blocks that they operate.

Kosmos Energy is set to spend $400 million on a farm-in deal to take a 60-percent stake in the Cayar and St Louis blocks, offshore Senegal, according to a draft Petrosen document.

FAR has received notification of a Presidential Decree from the Republic of Senegal confirming a one-year extension to the First Renewal Period under its contract covering the Rufisque and Sangomar and Sangomar Deep offshore blocks.

FAR has received advice from the Minister of Energy for the Republic of Senegal confirming a one year extension for the Rufisque and Sangomar and Sangomar Deep offshore blocks.

Shell Exploration Company B.V. (Shell) has advised First Australian Resources (FAR) of its decision not to exercise an Option in respect of Sangomar Offshore, Rufisque Offshore and Sangomar deep Offshore Blocks ("Licenses") in Senegal, West Africa.

FAR has identified a number of drilling prospects following the completion of its data acquisition phase of the CSEM program over part of its license area offshore Senegal, West Africa.

FAR and Shell will conduct an exploration program in respect of the Sangomar Offshore, Rufisque Offshore and Sangomar deep Offshore Blocks in Senegal, West Africa.

First Australian Resources Limited (FAR) reported Tuesday that Senegal Hunt Oil Co. has filed its quarterly reported submitted through Petrosen to the Ministry of Energy and Mines for the Republic of Senegal.

ABB has signed contracts worth more than $110 million to supply Azipod propulsion, power-generation and power-distribution systems for 19 new vessels being built in Europe and Asia.

First Australian Resources Limited (FAR) said that the acquisition phase of a 3D seismic survey offshore Senegal using the MV Symphony is due to be completed ahead of schedule on 25 March 2007.

First Australian Resources Limited (FAR) said that the MV Symphony seismic vessel has begun acquiring seismic in the Rufisque, Sangomar, and Sangomar Deep blocks offshore Senegal.

The MV Symphony seismic vessel is scheduled to commence acquiring seismic for FAR Offshore Senegal during the second week of February 2007.