I reckon that yesterday's IP says it all in slide 16:
Why FAR?
•Committed three well Senegal drilling program with strong potential to add material value by confirming significant resources
•Extensive evaluation at the SNE-2 and SNE-3 appraisal wells consisting of reservoir coring and oil flow testing (multiple drill stem tests) to improve field definition (quality, size, and shape)
•Threshold economic field size (~200 mmbbls gross) expected to be delivered at SNE in support of future FPSO based hub development
•Bellatrix exploration prospect low risk because it is located above SNE and displays strong direct hydrocarbon indicators (DHI’s)
•Upside potential FAR has mapped over 1.5 billion bbls of undrilled prospective resources* offshore Senegal.
This is what FAR is promoting to "investors" as the reasons to invest in FAR (and hence the reasons why that investment could be rewarding). Should be all we need to hear really.
H
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