Ann: Samo-1 well unsuccessful, page-133

The current management hasn't added any shareholder value since SNE 1 that's many years ago

That's simply not correct , since discovering SNE FAR has increased its 2C from 45 Mmbbls to 115Mmbbls incluing FAN, that of course has come with dilution required to appraise it, however despite that dilution the shareprice increased from around 4c pre SNE 1 to 13c two days ago, now back to 8.2c ...FAR has no income so why expect miracles, it's a long and often boring game, best suited for investors looking three years out and don't need multibags as a their return on investment criteria ...

At 13c , or more to the point a MC of $700m , I felt FAR was starting to get overvalued on SNE at this stage, at 8.2c or $447M it's become undervalued IMO.

We're all feeling a bit deflated with the results SAMO, we could just as easily be feeling euphoric, such is life in this business.

Cheers Whisky