Malcy, page-32

"Having digested your posts Whisky, I find it difficult to see the entry point of FAR becoming a producer. It sounds more like a foregone conclusion that FAR will disappear or at least Senegal would disappear from FAR's asset base."

Hi Zac our entry point is our WI who knows what our exit point may be...

If you look at the posts and take the general mindset on HC , which is largely a traders forum, then that would be the conclusion one would draw and most would naturally prefer, many just want out with a profit and move on to the next opportunity, the longterm future of the Company being of little interest.

If you come at it from the Managements perspective, the likes of Farjoy or long term holders such as myself who see a rare oportunity of growing an oil producing Company from a large discovery and happy to wait for the rewards then one would be looking at the situation from a very different perspective.

Senegal, as mentioned is a very rare and in most cases a once in a lfetime oportunity for a Company of our size to run with, it would have to be a very tempting offer to part with it. Personally I'm not expecting one good enough although there is a good chance we will recieve a cheeky one and that would be a good boost for the shareprice regardless of the outcome...

In the end Management are charged with maximising the value of the Company as best they see fit, its well known the best value will lie considerably further down the road and they have expressed the intention of not only going to production but maintaining the WI.
Once again if an oportunity to good to refuse comes along in the meantime it will be looked at and put to the shareholders.

If I was to sumarise the above it would be as investor/trader in FAR assume the intention of Management is to proceed to production untill you hear otherwise....or in the eyes of a trader plan for the worst and hope for the best,... however remember we are not in a position where we have to sell and also Management don't have the interests of traders in mind, only investors , they will always plan for the longterm regardless of what might happen in the short term as they should...

In the meantime HC which thrives on rumours and have already had plenty should expect many more, the only one to date that has had some substance that I can recall is the size of the field and now its being rumoured to be much bigger again...bring it on..its already almost four times the pre drill expectations...it's an Elephant to die for....

Cheers Whisky