From FAR just a couple of weeks ago - which is more up to date than the Trace information:
Djiffere block option
FAR has an option agreement with Trace Atlantic Offshore Limited to earn a 75% interest in the Djiffere block, offshore Senegal (subject to Senegal Government approvals). Processed seismic products have been received during the December quarter and FAR expects to be ready to make a final decision regarding its option once final processed data has been received and interpreted. FAR’s obligations under its agreements with Trace Atlantic Offshore Limited were met by acquiring a new 3D seismic data over the Djiffere block in late 2015 (refer Figure 1 – FAR Djiffere 3D Seismic).
FAR also further matured its offshore Senegal exploration prospect inventory incorporating 3D seismic products received in the December quarter from the 2,400km² survey over the RSSD (Rufisque, Sangomar and Sangomar Deep) blocks and the 400km² survey over the Djiffere block.
FAR Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
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