Conoco release on Fan-1, page-6

Just to let you all know re Conoc Philips .................... it was spun out of Phillips 66 a few years ago and has been selling down assets to get a positive cashflow of between 5% to 10% per annum, are targeting an increase in production growth of between 3% to 5% per annum with a annual CAPEX expenditure of $US16b, are producing roughly 1.5m bod and have 23b oil in reserves ................ Links to a couple of transcripts

http://www.conocophillips.com/inves...ion Documents/Barclays Transript_9-3-2014.pdf

http://www.conocophillips.com/inves...4_Earnings_Call_Transcript-FINAL_8-4-2014.pdf

They are a pretty big company and taking over FAR would be small change for them.

GLTA

HKP