calm before the storm

FAR has much more going for it than Senegal.It has 15% of Guinnea- Bissau. HDR only had about 16% of the Mauritania leases after farming out to WPL.The 10% of the Kora lease is the cream on top. We don't know yet if there is oil in Senegal, but we already have 15% of a possible 200 million barrels in GB.The oil is definite and in shallow water.It remains to be seen if it is commercial. The surrounding targets are likely hydrocarbon bearing and shouldn't be as hard to drill as the deeper Senegal targets.I predict that production will occur off G-B before Senegal unless they prove up a large field off Senegal.

I suspect that FAR might try to sell off its US interests. Prices for gas are low there and they might find the additional cash useful.A number of other Aussies are selling .Amadeus and Antares come to mind.They also have cash to come from Bebu (? ) and Sage is up for sale .At current oil prices Sage is certain to interest others.

FAR remains cheap even without Senegal IMO and the market seems to agree.The rise to 12c is even better considering the issue and that a large holder has been selling .Fasten seat belts when the Maersk Deliverer moves to Kora and let the harps sing. Kora is a West African harp or so ABC FM suggests!!