The original was posted by damnyank. A2 and A5 are immediately...

First 12 Last

Share
Profile

Follow
jhmos

494 Posts.

30

28/03/17

01:26

Post #: 23664270
Share

Originally posted by Hotazel ↑

jhmos.
I take it that the original article had been posted by someone else. I can't see the original post??
This is what I picked up from the Erin energy home page.

http://www.erinenergy.com/investors...-Deal-With-FAR-for-Gambia-Blocks/default.aspx

This I see as significant and is pretty much in line of CN's latest comments on the Ian Horwath U-tube interview.
Am I correct in thinking that there are yet other leases (with Timis involvement) located between the FAR's senegal leases and The Gambia leases.
All indications (to me in any event) is that SNE spills over into the leases immediately to the south of the FAR leases.
But yes, The Gambia leases are on trend. Only need to drill an exploration well to the extent of $8mil in 2018. And with a 80% earn-in all indicates to me that FAR have much room to draw in a big player and farm down 40% to have well costs covered. In fact (IMO) I believe FAR already indicated to Erin that they have the "financial might" to bring in the big players to get exploration underway.
AIMO
Cheers

Expand

The original was posted by damnyank.
A2 and A5 are immediately south of our SNE blocks. They line up quite well with where the main SNE field is on the shelf, which should be great if The Gambia blocks are any way analogous. The Polarcus site shows the location relative to SNE.

FAR Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
24 Upvote

0 Great analysis

Reply

Top Stories

Your questions From the Floor: Investment experts respond...

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

BRX

Belararox delineates another porphyry in Argentina at Tambo South

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024