FAR 0.00% 49.5¢ far limited

the suspense, page-21

  1. 855 Posts.
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    Honestly, I don't need to read it again. You said Brazil is less prospective than Senegal which is completely false.

    There is nothing more to say. Talking about multi-billion barrel prospects means nothing, when the risk is so high. In Brazil the risk is at a much more acceptable level than Senegal, given the success of surrounding discoveries.

    It does not mean that because FAR "THINK" they have billion barrel prospects, that they have more on offer. The area has never been tested. I suggest you read FARs presentation NO DEEPWATER OFFSHORE WELL EVER DRILLED IN THIS AREA. How are you supposed to know about potential and prospectivity when there is nothing to compare with.

    KAR are surrounded by discoveries. Go read and see what they are listing 30% of the Brazilian assets at.

    All FAR has is a 3D and a CSEM that didn't do the business for Shell, and now we are locked in a years worth of negotiations. Do you see all the other North west African acreage in Guinea and what its trading at? Around US$50-100 million per block.

    You cannot compare the two. Brazil > Senegal, until we see wells and billion barrel finds.
 
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