it will be 18++ months before FAR drill in Gambia again, if they ever do...
how they can keep drilling wildcat wells, on the same groundI dont know, the next well would be targetting the third best prospect after the best two failed - the definition of stupidity is doing the same thing over and over again and expecting a different result.
if they find oil in 2 years, it would take 6++ years to develop plus a bucket load of appraisal drilling costs (noting SNE discovered in 2014).
So first oil in 2031?
Pretty simple really - the company must be wound up as that will provide the best (ONLY) return to shareholders.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26
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