shell, page-38

l was going to renew the subject ....to l have solved the puzzzle, but dont want to bring too much attention to myself if l am wrong.

The leases/block FAR hold must be worth 100`s of millions and if so then its worth me carrying on this exercise, l just always had a figure l heard some years back of 300m....would be nice to know. Maybe now its double that?

So my exercise is if they are worth lets say 300m then why didn`t FAR sell the block if that is possible as 300m would be worth about 50c per share for starters. Selling the block isn`t what this is about.

So to spend about $13m on a 3d seismic and then be compensated about 4/6m on Shell not proceeding doesn`t make sense. It would make sense if the blocks are worth nothing.

i asked this question a few weeks back, why would FAR choose Shell...when the other contenders would of been happy for the JV on the 3d, yet FAR chose Shell knowing that they may decline and wasting 3 months of the 6 months that remained before November deadline.

If l am partly correct then l believe SHELL and FAR have had some arrangement from day 1 to proceed and it wouldnt surprise me now that no one is going to get a look in.

By the way did ride up between the showers yesterday to FAR`S office and my mate and l met the company secretary, l can assure you our money is not wasted on paintings or expensive furniture, everything was quite modest actually.....and no they are not going to tell me anything....even though l did ask for a wink!!

Look forward to being very corrected here....will read comments later on