The key is the Govt. statement...??? what does that entail.
Getting the 35% would have to be a given simply because of 3 reasons;
1. It is exceptionally cheap.
2. We have been advised that we have passed mediation and retain our PE rights
3. CNOOC are at our back and have proven to the world that they are moving in on this basin. (China's activities in Senegal with great infrastructure works are important here)
Now I know a lot hinges on the Govt. statement but with CNOOC front and center now it doesn't take a lot of imagination to put it all together....
Total could also be a contender with FAR in a PE but I would think that the FAR/CNOOC partnership may have prevailed.
FAR Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
(20min delay)