resourcestocks september 2006, page-5

FAR has certainly been unlucky again this year.

Welder Ranch going nowhere.

South Grosse Tete dry. Plugged and abandoned.

Eagle taken almost a year and still no result.

Kakwa supposedly OK but lack of testing makes for suspicions of failure.

China is Ok but will take years to get into production. FAR will only have 2.5%.

Gulf drilling after 3d seismic Plugged and Abandoned.

Senegal will need lots more funding and unless FAR can get it's share price up, it will suffer massive dilution or have to farm out a large part of the project.

FAR has raised $25m this year and my guess is that they have spent $10m with no results. The convertable notes add 500k to the interest bill.

Not looking real flash unless Eagle can be salvaged.