Whisky we could also have a case where DJ block is sold down with FAR retaining 35% or maybe even 40%, don't think they are capable of being an operator so I would think 35% and taken to production before SNE and that income used to finance a lot of the SNE capex. FAR should have huge bargaining power there if we nail these first 3(4) drills. That 40% should be worth a hell of a lot.
If they can get a drill in that son bitch soon, that would be a nice way to move forward without having to stump up that $700M from debt or working interest dilution but from relatievly quick, relatively cheap shallow water reserves. We will know sometime next year what sort of prospects lies there but the economics would be fantastic if there are some 200MB prospects lying there.
FAR named a top takeover target for 2016, page-29
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