from a tech view alone, page-16

My guess is anywhere from 20 - 30c if they go ahead. If they don't I'm hoping to get out straight after the announcement for 7c - might be wishful thinking but will be breakeven for me. Nothing lost nothing gained. I've just been going back through announcements because I remember reading something about FAR's having to cease negotiations with other parties - can't seem to find it but did find the following (if shell don't exercise second part of option) "FAR will retain its 90% interest, a license to use the CSEM data and will be free to negotiate with other potential farmees"

This to me says that is that when the announcement comes it will be YES or NO. FAR will not have the option of announcing a NO with a BUT we have this person willing to go ahead with us. That will have to come some time down the track and the effect of the SP could be disastrous.

One thing is for sure if you think this is a long wait, just wait and see how it feels seeing if they are actually going to drill a well (up to 365 days)