Jefferies snares $US2b SNE project mandate, page-9

You have had a busy time Ksingh... I think its safe to say that something is in the wind. The snippet below is probably the most interesting piece..

"Far has been trying to embark on capital raisings to fund the project, but the thinking is that selling out all of its interest is now a better option for the listed group."

Personally that would supprise me, but again if the price was right anything is possible and some of its loyal longtime holders maybe looking for a quicker return on their money. If its going to be done then combining it with CNE is the way to do it.

One thing for certain our share would worth more than our current MC of $388m thats US$272 m or US$3 Bbl 2C including reserves fully appraised and ready to go, that's based on FAR's 13.7% of its own RISC numbers for SNE only....I think it may be time for a top up its hard to see much downside here regardless of what they do....

I don't know where selling out fits in with PE but you can guarantee anything done will have that in mind..

Cheers Whisky