jhmos. If what you say is correct about Djiffere, then FAR would have been liable for 75% (at least) of what FAR calls the '$15m performance bond' no? Thus USD11.25m = A$15m.... now this they did not have spare in October 2016, perhaps leading to the rumours,,, refuted below... FAR cannot have it both ways...
Also see http://www.capenergy.co.uk/resources/CAP-Energy-Plc-Q2-2017.pdf page 23 for Djiffere Licence Terms... again at odds with what FAR say.
Remember that Trace/CAP management include ex-Petrosen execs...
The truth will come out one day... whose face will the egg be on?
FAR Refutes Claims that it cannot Farm Into Djiffere Block
by Rigzone Staff
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Thursday, December 01, 2016
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