t/o target , page-16

G'day Zann.. all the best for the New Year mate. The way I read your post is that ME has job to do & let him do it. He has now delivered a lot to shareholders to date.

1) Guinea Bissau jv with Svenska

2) Senegal potential JV with Ophir & others

3) AGC Profound Kora well with Kora

4) Put around $40 mill in the bank

Not bad IMO as it?s all happened during the GFC & GFC recovery period.

This news has been released by ME & the next significant news release will be the Senegal Presidential Decree, but as others have posted ME believes FAR have a legally binding hold on the Senegal blocks now entering the drilling phase.

While I was very disappointed on how Senegal JV cone of silence was put into place after the Shell withdrawal, there have been a number of ASX announcements made during the last several months. Much more than the first half of 2010. In the past when FAR have had their teeth in drilling projects the news has flowed with respective SP movement & I see the same thing happening during 2011.

I think you are also posting a caution to the posters on HC who are rocking the boat for their own gain, and also to be careful of the those that are posting hypothetical?s ? ME?s plan will unfold in good time.

The only things that I base my holdings on are the ASX releases - these are facts & the SP will move accordingly up or down.

As for the H word, well that is and has also been ME's goal with a TO bid in the Hardman league, not 50% above the current SP, so mate I'm with you on that one as well. If it turns ugly than that's the risk IMO you take on specs, but if Kora & Sinapa wells are successful than the H letter will become the F letter IMO given the large targets in FAR's blocks.

Anyway Zann always good to hear your views as they don't beat around the bush. Your posts have always been consistent unlike some that have changed along with their position disclosures. It is posters like yours that I rate but unfortunately someone took away the thumbs up I gave you for telling it how it is in a very colourful manner.

Cheers mate & Happy New Year

Plugged

PDYOR