FAR 3.03% 51.0¢ far limited

Chair of the ICC to be appointed, page-33

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    http://pancon.com.au/project/lamu-basin-l6/ :
    worthwhile clicking the link, PanCon have done quite a good write up on L6


    http://www.far.com.au/africa/kenya/ :
    In February 2014, FAR completed its third farm-out to the Milio group of companies leaving FAR fully carried through a proposed onshore well and an onshore 2D seismic survey and associated processing and interpretation.

    In relation to the offshore portion of Block L6 where FAR has a 60% interest, FAR has been progressing a farm-out initiative for drilling an offshore well. The Sunbird-1 oil discovery in the nearby Kenya Block L10A targeted a Miocene reef structure. The Miocene reef play extends along the coast of Kenya and through Block L6. The discovery of oil in the Sunbird-1 well at the southern extent of the Miocene reef play and evidence for oil in the Maridadi well, drilled at the northern extent in L6, has generated strong industry interest in FAR’s Block L6 farm-out.

    Looks like FAR might be pumping up L6 in the hope of a successful farmout of the offshore portion of L6 which could result in FAR end up being free carried for a onshore well and offshore well. Obviously need stability in Kenya for this to progress, things dont look great at the moment but do appear to be improving.
    http://smartraveller.gov.au/Countries/africa/east/Pages/kenya.aspx
 
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