guesstimates of far's sp when first well spuds, page-29

I too don't think the PCL drill result will be out comes Senegal spud time (although, midmay into drilling the oil might start gushing a kilometre into the the air and we won't really need a 'drill result' - Lol).

But farmout for L6 will be announced before spud time. By implication I also suggest that FAR will not allow any prospective farminee to sit on the wire to see what comes of the PCL drill. Either they are in now, or not in at all. Hopefully there is sufficient competion to allow FAR to take a bold stance - If no competition, the farminee may well wait for a drill result which would put FAR on the backfoot for closing a good deal. I trust the company will act prudently. That said:

SP run-up already commenced in anticipation of farmin announcement and coupled with PCL drill and heightened expectations of success on PCL , with further exitement creeping in with Senegal Spud drawing closer - I would put my SP at Spud time to be 6.5c

Of course, if a huge gush of oil appear on the skyline while PCL is drilling, my SP estimation will be wrong AND I"LL BE SOOO HAPPY TO BE WRONG!

GLA- exiting times ahead.