FAR 0.50% 49.5¢ far limited

Ann: FAN South-1 well and SNE-6 TD announcement, page-27

  1. 1,228 Posts.
    Whisky
    After connectivity our finances would be better utilised getting us to production ASAP as that as you put it is the big pay off and I agree.
    Finding more oil can wait until we are self financing, then drill FAN and any other proving up prospect, the oil will still be there so why not wait until we are generating money.
    If Senegal were asked do you want to go to production early or evaluate longer ? I know what the answer would be. The earlier the oil comes out of the ground the earlier the Senegal royalties kick in. Also the shorter the time it takes to get to production the greater the cost saving.
    Anyway what do I know, FAR have no choice, CNE has a different agenda and we are financing it.
    AIMO.
 
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