Ann: Quarterly Activities Report , page-4

bunclefester

I appreciate "that they are running lean and mean on costs" but ultimately that leads to only one of two things - either having no money left or a cap raising.

Personally, I would prefer to see FAR actually doing something tangible - like drilling for oil or gas.

This Senegal business has been going on for years and don't get me wrong, I hope it comes off. But while the negotiations are going on, FAR should be drilling somewhere. I notice some of the Wild River acreage is due to expire in March. That's what happens when you don't actually do anything with the blocks.

Guinea-Bissau is just another "maybe" (and a waste of money IMO, unless it's associated with a deal on Senegal). Hopefully there will be good news soon on drilling in Senegal but in the meantime FAR management should be using their contacts to enter into a JV themselves with someone spudding a well.

That is what oil exploration is about, after all - not just obtaining leases. JIMO.