PhilW,
Good point.
The other thing to note is the expected date for a drill - Dec 2018.
And DJ drill date (has to drill by) is July 2018.
Price tag on Erin is expected to be around USD $40M. Probably similar with DJ too if there is to be a firm commitment.
No way, FAR can fund both, in additional to commitments to SNE and FAN drills.
This would suggest DJ is gone (if it was ours in the first place....). After all, this one only cost USD $1M, so it would be the cheaper one to let go.
And the actions of the last 24 hours - FAR's unilateral release of VR1 and Bell Potter's report, would suggest you are on-the-money.
AIMHO
DYOR.
Erin Energy Announces Farm-Out Deal With FAR for Gambia Blocks, page-8
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