Ann: Annual Report 2018, page-240

"I doubt many posters were expecting this outcome"

Yes that is certainly fair comment from a shareprice perspective, although as DB has pointed out there have been a number of exit and entry points along the way, currently is probably a very good entry point...

FARJOY and many others look at it from long term asset value adding exercise eventually producing income and dividends, and considerable long-term value has been added, from 0 to around 120 Mmbbls 2C of high quality oil.

At some point in time the market will reflect that value and quite possibly exceed it, unlikely to happen before first oil IMO although likely to reflect some of the value as we get nearer....there has never been any doubt where management stand, they would like to get to first oil as a minimum, why wouldn't they, it's is a once on a lifetime opportunity, whether we get there is another story..

Its easy to forget that without the FAN and SNE discoveries FAR would almost certainly be in admin by now or a best be staring at the knackers yard...instead is now looking at income from 13.7% of whatever rate the field produces at and for many years...it's cost a lot to get there and will cost more but it beats the knackers yard.

In the end one is either a trader or an investor and one has to make decisions around the implications of either and where we enter or exit is our problem to deal with....

Cheers Whisky