"I have no real issues with Managment they actually achieved an extraordinary amount given the David and Goliath situation they involved themselves in, if you dont like risk invest elsewhere."
Hello, FAR chose to pick a fight with Goliath.
They lost.
In any case, regardless of whether it was bad advice they received, bad understanding of the clauses in the JOA, bad preparation, bad planning, etc etc etc, the buck stops with them. They made the decision to pursue legal actions.
Therefore, they are solely responsible what happened afterward: not only in losing the case, but in being left out in the cold (unable to get JV finance).
As to Gambia, they were the operator who selected Samo instead of Solo.
They made the presentation about the "spot" on the 3D being oil and not "water".
As to funding, they were the one who stated more than 12 months ago, they had plenty of sources to finance.
In fact, they appointed a special envoy (at $300k a quarter) to travel around the world to source finance, and they were so happy with the "Result" (lol...where is secured binding finance?) that they appointed him to a full time position at $600k plus a year.
Had more than 12 months to sort it out, so where is the "secured binding finance"?
There was no pandemic 12 months ago. There was no pandemic 6 months ago.
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