huge volumes, page-6

KKW,

"FAR always had a very high opinion of Sunbird as compared to PCL. They are geos, and I tend to believe them, whereas BG is just playing politics and the commercial game I suspect. Is that the reason behind the CR?"

See my earlier take on the above issue.
We cannot overlook the fact that FAR is cashed-up to the tune of $27mil with approx $3mil cashburn per quarter. If all stays equal, that means FAR is funded for 2 years!!!

Makes me think they had to raise additional cash for a specific purpose.- Kenya definitely - that we know. But this is what CN stated in the release today:

“FAR is pleased to have raised money to allow the company to
move forward our key position in Kenya in the short term. Building our portfolio of opportunities for our
shareholders is key to our strategy and we aim to deliver a high impact drilling program in Kenya following on
from the current drilling program offshore Senegal.”

Key words:

"Short term" ( what is short term?)

"building portfolio of opportunities (is this perhaps L8)"

"high impact drilling program in Kenya following on
from the current drilling program offshore Senegal.”
(note "high impact drilling" AND "following on fom... Senegal")- Is it something that has become very hot in Kenya? Farm-in with expedited drilling program on L6? Or is Ophir anxious to drill L9?
Or is it money needed for expedited expl program on L8 (being a governmental pre-condition for acquisition/grant of L8?).

As I say, all things equal, Far has enough in the kitty for a considerable time - i think this additional funds is for a "new" specific purpose. Need to wait and see.

"have a little faith baby, have a little faith..."