March 28, 2017. We secure 80% of A2/A5 in the Gambia. Lock in an amazing farm out deal as an OPERATOR, to be FREE carried by oil giant Petronas. In the midst of all this, the company are still trying to get they're head around the massive discovery at SNE and with no doubt, more to come from Senegal.
Our relationship in The Gambia looks to be second to none as we based our office in Government house, and shoulder very important heads of power as we quest to enrich the nation. The only downside to this opportunity is if Gambia doesn't contain the same rich resource found north and south along the West African coastline.
I titled this amazing achievement because most exploration companies sit on encouraging leases for years on end, meeting only required commitments. 18 MONTHS later from the initial awarding of the blocks. 3D, study, farm out negotiations, government approvals, rig and support vessel hire and now possibly near half way through our exploration drill. This all being accomplished from a small company with a limited staff for the weight of the fish their chasing. Who said management aren't 'worth their pay. The average Joe would take this long to prep their home for a sale.
Personally I wish the best of luck to FAR for giving this chance of a life time to their shareholders. When only 18 months ago our future was primarily Senegal based. For the long term holders. Who in their right mind would refuse a free shot at such wealth. If unsuccessful, back to business as usual for what we invested in the first place.
Cujo's statement yesterday on a CR prior to results at an elevated price, especially with more market hard ship to come is taken with serious significance. On the flip side, FAR have some very world class geologists on board, and this company that has in the past taken a very conservative avenue in it's approach to fund raising. Must be extremely CONFIDENT of success.
What an amazing position to be in. Chasing success in a region of such high interest, and having a market value at best of about US 500 Million. Future. Double, triple, quadruple, and maybe then some. Bring it home Samo.
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. Luck is on our side - some great acreage awaits the drill!
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