Woodside as operator !!!, page-6

Cath cautioned against assuming 29 July would be definite. She pointed to COP’s history of requesting extensions.

Woodside and Cairn indicate Woodside’s engineering team is gradually taking the reins of what is now essentially an engineering project. Continuity is obviously preferable to avoid the delays associated with new engineers picking up what is increasingly becoming Woodside’s work. I guess the buyer of FAR’s 35 per cent could always poach the best Woodside guys!

FAR is very keen on Petronas operating Gambia. Perhaps they could take on SNE as well ... would be particularly helpful if it’s one field, as the FAR guys seem to think.

My dream scenario:

Samo strikes oil big time.
FAR wins PE.
FAR sells down SNE but retains an interest.
FAR is free-carried to production of SNE.
FAR retains exploration lead in Samo until appraisal is completed, at which point ...
FAR sells down Samo to Petronas for free carry to production of its remaining interest.
FAR and Svenska discover SNE MkII in Guineas Bissau.
FAR continues exploration of A2, SNE North et al
FAR attains $5 billion status
OOO gets to meet Carmelita at the outrageously Baccanalian FAR HC celebration bash.
The Doc and Whisky dance the fandango naked ...

OMG! The dream just became a nightmare.

OOO