So now that I've thought about it (problem with my generation is...

So now that I've thought about it (problem with my generation is we type before we think all to often haha)
This might not be the negative I thought it to be.

Yes the dilution sucks - especially if FAR uses the extra 10% we all agreed to at the AGM yesterday.

Potentially somebody will be buying a 25% stake in our company - which will dilute us to 3.125 billion stocks.

If they buy these 625,000,000 shares at lets say 4.5c that means an extra $28mil cash to FAR = bringing total cash on hand to ~$50mil+

Could it be BG who know their results from Kenya and want to get into L8 or even L6 offshore?

Or could it be Cairn who like how FAN-1 or SNE is looking and want a bigger piece of the pie in preparation of a complete takeover in the near future?

Possibilities abound ... and I await the next announcement in anticipation.

P.S. Just for some numbers - to make myself feel better ...
potentially 1 billion barrels of oil in the FAN plays Senegal - 15% of which is FAR's
1 billion x $100 = 100 billion x 15% = $15billion / 2.5billion shares on offer = $6 per share ... even @ $50 per barrel its $3 per share..... and even at $50 per barrel with 3.125 billion shares its $2.40 per share