Yes retail investors rarely have much influence, but FAR Mk II?...

Yes retail investors rarely have much influence, but FAR Mk II? The oil price environment, project jurisdiction, water depth and management style are slightly different don't you think?

Sangomar in Senegal is not the same type of project as Dorado in the Carnarvon basin; the risks are quite different. The ONLY similarities between CVN now and FAR then is the need to raise cash to fund their share of the project, something every company has to do at some stage, and the fact that one of their partners is an Australian oilco. FAR's project shareholding was less, their relative required CAPEX spend higher, they had a state owned partner, and the project risks were exponentially higher. FAR continually struggled to pay its way the entire time, whereas CVN has had not such difficulty, yet. Some shareholders don't like the dilution, I'm one of them, but comparisons with FAR are drawing a very long bow.