december 2011

It may seem a long tome off but how quickly does Christmas sneak up on you?

I would think it is quite likely that 2 of the next 3 things will happen before Christmas relative to FAR.

1.) Senegal JV partner and news of lease extension - ME possibly won't get to keep the % of this lease since the failure of Kora though.

2.) Sinapa - ready to go drill date of a PUD anywhere from November 2011 to June 2012.

3.) Noble/Ophir announce next target in AGC with a drill date similar to Sinapa, maybe slightly later as Kora geology reinterpreted.

Any guesses as to the share price then?

Please disregard this post if you think none of these events are likely at all.

Don't forget the cash in the bank.

Noble and Ophir thought this was a good chance of success so invested millions - don't be too hard on poor old ME as he thought the same.

Not much more to say until next news other than I will buy more when these things are announced, I've noticed from last few times that we have a 2 to 4 day lag in SP rising after an announcement but before the SP reflects the promising news released.