Ann: FAR obtains additional 10% interest in Gambian blocks, page-25

Surprised such a negative slant on the announcement from your post. I see a number of positives also:-
1. Timetable on whole license now completely reset, including flexibility in drilling (if we want to we can even push out to 2021.
2. 3D and associated costs will always be required to further follow up prospective leads both adding value and increasing chance of securing interest from 3rd parties. This is a natural spend for companies such as us.
3. This ground is not moose pasture! It is directly on strike from SNE and should be seen by shareholders as an absolute must to secure further equity. Especially if cost is modest. $ 2.5M is not "over the top" for 10% of ground adjacent to SNE.
4. Extra percentage to our equity gives much more breathing room to then JV out a certain % equity to a third party. Obvious benefit is third party to offset some future drilling costs.
5. Very pleasing that Petronas also paid for extra 10%. Must mean they see value also!

That's my slant!