Ann: SNE North-1 exploration well discovers hydrocarbons, page-157

Whisky, happy to give you the 'flip side' ... as you say, the stock is now a 'contrarian bet' ,
no one wants another BCC on their hands?

"PE up to 12 months".
Probable, but possibly 3 years+, COP no less, the counter party
"FID expected early 2019"
Mid 2019 has been the operators recent call, always subject POO / Funding .. FID is not simply a 'milestone'
"A2 drill sometime next year and farm out when it happens"
Correct, must happen by Q4 next year or block forfeited along with $28m drilling Bond
"JV drilling activities between now and FID yet to be decided by the JV"
Agree, toxic JV will not help FARs case
"Resources upgrade, when they recieve them from RISC."
Risc 'upgrades' have been discredited by the recent drill action. Who listened anyway?
"DJ when and if it happens".
Yep... If and When.
"Production should they go there around 2021." ,
CNE will state more like 2023... best case imo
"Finance, far to early to to know what there requirements will be"
... we know what a 300m bbl development will cost... USD5~6b as announced by the operator. FARs share... you do the Maths
""Latest Plan of development due this year from CNE""
as above
"Quarterlies every four months"
We are fully disclosed ;-)
DYOR