FAR 1.02% 49.5¢ far limited

kenyan acreage coming up for grabs, page-12

  1. 270 Posts.
    Hi Fella's,

    Made the time to ring the FAR office today and spoke with Ms Norman (Our MD). I will start with saying, l have been critical of Ms Norman in the past, due to my long involvement in L6 through PCL holding and seemingly going nowhere for years. Well that changed today.

    I really enjoyed my conversation with Ms Norman and was blown away by the answers to my questions. l found Ms Norman very easy to talk too and very open and a highly sexy voice (with all due respect).

    First Q,

    Asked about the overhang on the 3D and the prospects in L6 into L8. Yes 3D and prospects do overhang and Ms N seem to think Apache likely to buy this data from FAR. After a couple more questions, l 100% personally believe farm out is done and to be announced very very soon.

    Second Q,

    Asked about Guinea Bissau progress. Ms N stated that GB is still an interim Government after last years coup. She said that elections have been pushed back to (l think she said to September 2013). So Svenska and Far will not finance any activities until the new Government is in. So Ms Norman stated not likely to be drilled until 2014, but l was happy to hear she thought GB was as important as myself with oil already found at Sinapa.

    Third Q,

    Now this reply made my day, thought while we were talking l would state that l got into Far when there was no Kenya, no AGC Profound, and no GB, just for Senegal and wasn't impressed with the progress of Senegal. This is were it get's good, Ms N stated that the board see Senegal as the No 1 and the recent updating of seismic interpretation, prospect mapping and open data rooms in i think London, Houston and somewhere else, got 26 companies through the door. Again l returned to the lease expiring on the Feb 14th 2014 and my questions and Ms N answers makes me think that Senegal farm out is done too. One comment that of the 26 companies through the door, not all wanted to leave and are ready to drill, so l personally think the farm out is done and Senegal will 100% be drilled. Ms N stated that Senegal neighbourhood getting hotter and busier.

    L9 sounds like going just as well.

    In the next coming weeks we will all see that this new board are getting the job done.

    Ms N is achieving what ME could not, Senegal drilled

    Hold your shares real tight is my advise to myself.

    Shovel.
 
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