What if the drill is a miss?, page-81

Whisky,
Thanks for the info on the net pay a the FAN 1.

The DST is a contingent and not firm budget item. It is dependent on success and so is any potential sidetrack whether due to success or a non valid test (e.g. not getting down to reservoir).

The point I wanted to make and from your reply I sense you share that view is that the outcome of FFS 1 is not a given regardless of the FAN 1 result. There is technical success and commercial. If FFS 1 should be of a similar result to FAN 1 then any development or tie back will be put on ice or possible deemed commercially not feasible given the amount of wells it will need to develop a poor reservoir. And no matter what people are saying this kind of result has an impact on the share price. It basically writes off the deep water play and therefore the upside in the share price.

Nonetheless, I'm still bullish on FAR. I love their acreage and its potential. All I want is to make the non-technical people on the forum aware that no result in the world of exploration should be considered as a given. People that work in the industry know that for sure.