Arvo All,
I believe the market is missing the potential, especially after the emergence of Noble Energy coming into the AGC Profound tenement.
Noble are a experienced & professional Co, who - looking at the past, make calculated decisions when moving into exploration areas. They have had numerous discoveries over the past few years, which has shown a keen "sense" for areas of high potential.
Quote from Noble President:
"David L. Stover, Noble Energy's President and COO, commented, "We are pleased to be adding this new exploration area to the portfolio. Offshore West Africa is a region where the industry has had numerous recent exploration successes, including our own offshore Equatorial Guinea and Cameroon. The AGC Profond block is an area that has not previously been explored and we believe it has significant oil potential. Our new ventures team did a great job of capturing this opportunity for Noble Energy, expanding our already large exploration inventory."
For me, this has solidified my believe in FAR.
Cheers
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