Incompetent FAR management on a grand scale. The decision to...

Incompetent FAR management on a grand scale. The decision to merge FAR with Flow Energy has been booby trapped - more to come no doubt with these clowns in charge. We had a nice little sleeper in FAR when Mike Evans was in charge before the merge. Humble Nedlands office back in the day (Malcolm in the Middle used to loiter with no intent outside their office), no bullshit management salaries.
When Hunt Oil pulled out of Senegal many years ago, FAR were strategically set to slowly reap the future rewards of the Elephant. We had some hiccups along the way (like Shell not participating) but low risk. Instead we were saddled with incompetent management and look like we are about to lose the Senegal asset through dire management decisions where the consequences were not war gamed. Cath and Co. have recklessly bet the family farm through the PE debacle and the results are now worse than grim.
Not that it matters now as the SP is on a long term ventilator, but the auditors will surely suggest substantially impair the Senegal asset and question going concern for FAR in the 2019/20 accounts due for filing in 3 months time.

This FAR management team performance over the past 4 years does not warrant their continued service. They should consider their positions and resign in my opinion to allow another management team to salvage the situation.