ann

Below is a extract from ANN today .......

"The Company is continuing to market its 90 percent interest in its three exploration blocks offshore Senegal, West Africa in an effort to secure a farm-in partner. As disclosed to the market in our release of 21 September 2009, discussions have commenced with potential farm-in partners and a number of unsolicited approaches are being followed up.
In order to facilitate this process, the Company has lodged an application with the Senegalese Minister for Energy and Biofuels for a one year extension to the current term which expires on 22 November 2009. The application has the full support of Petrosen, the National Oil Company"

Nothing new above!

Below is ANN after Csem results from Shell and a update on Senegal 21 september.

FAR has commenced discussions with other potential farmin partners now that restrictions under the Shell Agreement have been lifted. FAR has received a number of unsolicited approaches and these are in the process of being followed up. As was the case in the previous farmout round this process may take several months while companies undertake technical due diligence. Due to the commercially sensitive nature of the farmout process FAR will not ake any public release until such time as a binding agreement, if any, has been reached.

Not much to read between the lines ............ but the latest ANN does not mention several months , as the last one did. It also clear that quite a few people have info with discussions being made with potential JVP.

CTP last week up 30%, day before ANN of FARM IN JVP. IMO leaks, insiders its part of the package with low volume spec stocks. What about Sydney posting just last night! History speak for its self with this stock. If it was ST traders , they would have to have balls of steel. Market Bearish ATM and no lease extension confirmed.

All in all its great news , as my indicaters flashing green !