Cath Norman, FAR Limited, Africa E&P Summit London, page-55

I'm amazed how much bandwidth still gets taken up with SAMO when FAR's existence and near term future is based entirely on SNE . If SNE had been a duster we wouldn't exist now and Petronas would be $35-40 m better off.. in a world where there are considerably more dusters drilled than discoveries we beat the odds on the first 11 wells and got caught out on the 12th...enjoy, that sort of luck is almost unheard of ...SAMO was disappointing but it's history and can't be changed...

looking back a bit further FAR's very first well, prior to Senegal, was also a duster ,so its actually 2 out of 13 and 4 of the 11 successes contained new discoveries..normally the ratio would be closer to 11 dusters to13 drilled....

Barring corporate activity, in 2022 FAR will emerge as a boring bog standard Company , with income , debt and a future, which is basically what building a Company is all about...the fact that some of us enter before that objective is reached, not after it , is our problem to deal with...in the meantime we go along for the ride as a junior member of a JV with the occasional sideshow to fill in time...

Cheers Whisky