l6 seismic , page-4

What is the best way to play the Mbawa drill in the next few months.
A holding with PCL or FAR based on current MC’s of both stocks.

PCL-220m
FAR-90m

If Mbawa holds the accumulation of oil that interested parties are hopeful on, PCL are obviously going to be worth more than 220m, perhaps 400-500m (35c SP)

In the event of a discovery, what is FAR’s likely potential
150ish m coupled with some positive l6 seismic activity
We know some of the mbawa may flow onto FAR’s licence area in which they hold 30% interest, opposed to PCL’s 15% of the Mbawa prospect

So in effect, if mbawa hits some oil, FAR’s 30% of the overflow into their prospect may actually be the same amount of oil as PCL’s 15% of the actual target

Perhaps FAR has a lot of catching up to do if Mbawa is successful….10c+ perhaps