30 cents mark, page-47

AJLD, I don't disagree. SIR is an example of all the planets aligning. And of the importance of sentiment. LNG is another example (although I may be biased as I sold out way way way too early). Both are hard to justify on the underlying. Unlike a lot of oilers FAR now has a decent following (thanks to some fairly tireless promotion by Cath etc). And it is in the mainstream media now as well. So it has a profile and some initial good/great news. It needs another good piece of news and arguably some institutions on the register and who knows where it might end up. In that case I suspect irrationality on the upside. Based on my meagre knowledge of the FAR future there is zero chance of the promotion ceasing - quite the opposite. So for me it all hinges on either a good farmout for Kenya (released during a positive week ie not next week) or some news of further results in December. My guess is a Kenyan 3 drill program in 2 weeks closely followed by the announcement of further free-carried Senegalese drills (at least 2 but maybe more - including THE BIG ONE)....and then the second well results.

P.S a bit of bad luck for us all to be releasing such great news in such a woeful market. The delays in the BOP really cost us in that respect. If we were releasing a month back we'd be 30 cents by now easy.

P.P.S As I mention last week, every big oiler started small. With FAR we're seeing the emergence of something big.