While a good discussion, it would be helpful for those posters that own FAR shares to declare their interest at the end of each post.
I personally think that PE find O&G exploration & development difficult to justify due to the high CAPEX and high risk. Even if PE went in with FAR, that would only be the first bit of CAPEX to spend. There would then need to be the CAPEX for construction and all the risks associated with that. The uncertainty factor, IMO, is too high for PE and the numbers will not stack up for them. Also, the time frame to make a profit is too long.
HT1
Ann: Proposed sale of ConocoPhillips interest in Senegal,WPL-FAR.AX, page-16
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