Under its agreements, FAR has the option to earn a 75% working interest in the Djiffere block by drilling an
exploration well before 31 July 2018 (subject to Government approvals). The farm-in option can be exercised by FAR
at any time before 31 October 2016
In exchange of the farm in option, FAR shall fund a 3D survey in Djiffere,
estimated to cost US$1.1 million.
In other words.....
A Free Carry,For 3D survey, with a value of US$1.1 mil
Then.......
Player files lien against Australian outfit's assets for recovery of debt related to seismic shot on permit in Senegal
Kimbo
Is Cath in London? And if so, why?, page-68
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