Boeing why are you trying to compare FAR with EGO. They are not the operator, they are hanging on to the operator's coat tails. There is also much work and expense to bring the oil to the surface. Will FAR have the financial wherewithall without significant CRs over time is a question that will be answered by shareholders.
The example you should be assessing with FAR is that they owned 100% of the Senegal block and were successful in bringing two very good and experienced multinational O& G farminees. Isn't that what EGO is trying to do?
" FAR retains a 15% working interest in the permits. ConocoPhillips and Cairn will hold 35% and 40% resp ectively. Petrosen, the Senegal National Oil Company, has a 1 0% carried interest through this exploration phase
EGO Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
