As much as I would LOVE to see THAT ann that we have all been waiting for, I cannot ignore what was in FAR's last presentation
COMPELLING CASE to enter next Licence phase.
(Interpret. Commands him to strongly consider (he really has NO CHOICE.)
��
Provide more certainty to potential farminees.
(Interpret "potential farminees are giving him a hard time and are NOT CERTAIN that Licence will be granted, extra year would give more certainty)
��
��Provide additional time to procure a drilling partner.
(Interpret He has NOT got a drilling partner and needs MORE TIME)
��An adjacent deepwater well in Q12011, if successful ,would upgrade FARs Licences; stimulate exploration activity and provide more certainty on drilling costs.
(Interpret. Let's wait for Q12011 to drill and HOPE they find something. All we have to lose is $5million, but, IF Q12011 IS successful, would GUARANTEE a J/V at SIGNIFICANTLY more beneficial terms for FAR. COMPELLING!!!)
��
We have been trying to read ME's mind for years, but, I think that the above words are telling us what is foremost in his mind.
COMPELLING CASE TO PAY $5million and wait for Q12011.
the suspense, page-5
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