Quarterly Activities Report, page-125

"I think they should stick to what they are good at finding oil and the SNE cash cow will enable them to look for years at their other leases when they sell. AIMO DB"

If they are taken over DB they can't stick to what they are good at and use the SNE cash cow, they will have ceased to exist, someone else will get that cash cow...can't have both..

Now anyone investing in a stock for a TO is a true gambler, they are quite rare events and in most cases opportunistic and don't offer much more than a 30% premium which would be turned down anyway..

FAR is not good at finding oil, prior to Senegal they had a duster, with Senegal they liked what they saw then convinced others to back them with a farm in and got very very lucky, that luck faltered with Bellatrix.

Despite what happened in Senegal wildcat exploration is a very high risk enterprise and it amazes me that many punters still seem to think after all we have been through that we should head off exploring and ignore the very thing explorers dream of finding and exploiting , a very large oilfield...

When you are lucky enough to find a very large amount of oil with your second
exploration well after finding oil in your first then you don't push your luck but make the most of the luck you aready have.

There is a very good chance FAR will get to production with at least part of their WI
and possibly all of it, there are many precedents out there and Farjoy for one continues to back that belief....

Cheers Whisky