FAR generally don't let their cash balance go any lower than...

FAR generally don't let their cash balance go any lower than $30m.
Convert that to US dollars though and taking into account the extra interests in other permits along with associated costs it might not be enough this time around.
Look at Cairns cash position and how the market reacted.
As most realists have said from the beginning including Malcy this time around Cairn might be selling down to a more manageable 20%.
No way FAR will manage financially with 13.7% of the project going forward.
It seems management are banking on resolution of arbitration and a toss of the coin drill in A2.
IMO that is fraught with danger as there are no guarantees on any of those two fronts.
Worse case scenario that no one cares to look at is they find oil in A2 but uncommercial and arbitration falls flat.
Two stark choices that anyone with a large holding should take note of as its akin to gambling.
As has been noted the gap for first oil is large for some reason, 4 years, 5 years or 6 years.
Why they cant be more specific is hard to fathom and I would have expected the Senegal government would have asked the same question.
IMO there are as many negatives to counteract the positives including the big elephant in the room which is getting finance going forward.