time to buy non gulf oil shares , page-5

Hi Maxisweeney,

IMO FAR needs production (= revenue) to help it survive its burgeoning running costs.

As for take over, FAR is in hands of bigger players. In the West, drill outcomes for APetroleum, HDY and Svenska will all impact on FAR valuation. IMO AP is in box seat to acquire FAR's Senegalese holdings - IF AP hits oil with its drill.

However, since Anadarko's gas discovery (Mozambique) focus has shifted across the continent.

Above is an image I posted last year after FAR - Flow announcement. This should now be updated with following:

1. OPhir - has taken over Dominion (approved by Kenyan GOvt - 16/01/2012)
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11087586

2. COVE is up for sale and likely suitors include BP, Statoil and Total SA.
http://www.businessweek.com/news/2012-01-16/poorest-nations-host-biggest-gas-finds-in-sign-of-deals-energy.html

Clearly, the east is a hotbed of action and FAR has postioned itself in the eye of the storm, in the hope (IMO), that with any exploratory success, predators will look more favourably at FAR's holdings.

So, like others has stated previously, FAR does not really have to do anything other than survive the wait - FAR catchcry for many many years.

MS