Hi WhiteNoise
Agree - Senegal discovery requires the "C" word before action really hots up.
None the less, from FAR and Senegalese presentation FAN-1 is considered as virtually a "stand alone" commercial find (>250MMBL). In addition, we are being led to believe that there is significant upside to size of OIP.
Now (IMO), this find (in toto) would be attractive to a single player or two party JV but here we have four members in JV. If one of the bigger fish were to gobble up a smaller fish, then this find becomes even more lucrative. So, I would not be surprised if CNE or COP are bidding for FAR's 15%.
Exciting times, lets see what lies ahead.
Good luck,
MS
Email response from FAR, page-22
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