Yes, this is not FAR specific but it does highlight the fact...

Yes, this is not FAR specific but it does highlight the fact there is a limit or finite deposit of hydrocarbons in West African province. Kosmos is down by 13.9% because Kosmos Energy announced that its Lamantin-1 exploration well offshore Mauritania failed to find commercial hydrocarbons. The company owns a 28% stake in this well as part of a joint venture agreement it signed with BP (NYSE: BP) . While the partners well did discover traces of oil and gas, they mostly encountered water. Because of that, they plugged and abandoned the well. This well was the second failed attempt since Kosmos began the second phase of its exploration program in Mauritania and neighboring Senegal earlier this year after signing an agreement with BP . In that well, the only thing they found was water. Though, the partners did find some success in Senegal earlier in the year.
Now what

As Kosmos' drilling record this year shows, offshore exploration can be hit or miss. Because of that, investing in this offshore-focused stock remains a big gamble since another discovery in Senegal could send the stock soaring while a dry hole could cause it to plunge. That makes Kosmos too risky for most investors, even if it is cheaper after Tuesday's sell-off.

Link:http: www.nasdaq.com/article/heres-why-kosmos-energy-ltds-stock-is-sinking-today-cm890636
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.....enter the more southerly zones of Senegal and Gambia, esp proven SNE field. Bet FAR / CNE and SNE/A2&5  are radiating brighter than Sun spots on the Big Guns' radar screens.  Eben though rig costs are relatively low, why throw money away when low risk investment lies just a tad south????

Suspect FAR mgment will doing more than sippin' 'n' suppin' with Senegalese who's who..

Good luck to all and best wishes for holiday season may Year of Puppy be good to all



MS