FAR 1.23% 40.0¢ far limited

It appears that FAR may have provided the 3D survey and analysis...

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    It appears that FAR may have provided the 3D survey and analysis to TAOL (operator) of Djiffere.  This would mean that any Lien would be lifted as the service has been provided (if true).

    CAP energy's new presentation talks about a new structure identified in the 2015 3D survey analagous to SNE discovery.

    Capture.JPG

    CAP go on to say that the date to drill the well for stage 2 is TBD but the start date of phase 2 will be the date of the Decree and this is anticipated sometime in 1H 2018.

    Capture 2.JPG

    FAR Website still lists Djiffere and the option farm in by drilling a well by July 2018.  If phase 2 dates are reset by decree as per CAP Ann,  will FAR drill the well in the new period to farm in or does the sun set in July?

    From FAR website just now:
    Djiffere

    FAR entered into a farm-in option agreement with TAOL Senegal (Djiffere) Ltd, a subsidiary of Trace Atlantic Oil Ltd in which Cap Energy Plc holds a 49% participation. The Djiffere Block offshore Senegal is located adjacent to FAR’s Rufisque, Sangomar and Sangomar Deep Blocks. Under its agreements with Trace, FAR has the option to earn a 75% working interest in the Djiffere Block by drilling an exploration well before 31 July 2018 (subject to Government approvals).
 
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