Hi mate.....I don't want to burst your research so I will help a bit.
Djiffere has been dropped by FAR and are talking to Trace about them buying the 3D that FAR did.
The Gambia.
FAR started with 80% of blocks A-2 and A-5 which they have farmed down to 40%. 40% to FAR and 40% to Petronas. Erin who hold the other 20% seem to be about to go broke so there is some hope that we might be able to secure that 20% as Erin are in default to FAR and by reports The Gambian government also. We are waiting for the farmin to be approved which could be any day.
The well, Samo-1 is free carry to FAR up to 45 million + some back costs.
SNE
Funding has yet to be sorted as the field has not been declared commercial by the JV yet. Cairn have stated that it will be a joint funding solution for all JV partners to participate in....
We are eagerly awaiting firmer numbers on costings and a statement of commerciality which could be at any time.
Everyone has questions about funding...... we await that chestnut. DB
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