Not sure if it has been mentioned before but another point that was mentioned on the day ..... and I am not sure if it was during the AGM or part of discussions before or after ......
but after the 3D seismic is done on our WA EP4?? if it shows significant promise FAR intends to sell this asset to concentrate all its efforts on Africa.
FAR have had a lot of trouble to get the approvals through the WA DME to do the 3D seismic. They have had to have 5 extensions of time to be able to satisfy the department requests for extra information. This is the same problem that is plagueing NWE at the moment trying to get their permits through to do 3D seismic in WA.
Key points from AGM, page-93
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