Ann: Quarterly Activities and Cashflow, page-115

That is so true.

In the 21st century, when you pick a fight with "Goliath", you are going to end up in the ICU, fighting for your survival. That is where FAR is, at the moment.

When you are a junior partner in a JV, you need to build bridges with the Operator, not burn them.

As an example of the benefits of being able to build bridges: in another O&G company I invested in, our company struck a deal with our Operator to cover most of the costs of our offshore drill (PS2); we only had to outlay $5M and the rest (payment) was deferred until our field starts producing. This saved our company around AUD $10M. How good was that?

That's the benefit of being on good terms with a "Goliath".