PE Timetable, page-92

Soooo successful drilling is going to destroy value! .... sheesh we should just pull out of Senegal and stick the dosh into a term deposit lol.

Sorry disagree, even without PE, FAR will still hold 15% of an asset that 'appears' destined to go ahead to production failing a left field event.... yer ongoing relations between partners may be stretched but ultimately that will mean very little short of FAR may not get much say in where the next holes are poked down, so short of WPL/CNE choosing to drill successive wild cats that are dusters it'll make very little difference to the fundamentals, yes short term a failed PE will hurt the share price somewhat but ultimately she'll be apples as WPL/CNE are not going to lose money on purpose just to hurt FAR financially.

Cheers