How dare you discuss a potential duster at Samo LNC!
IMO any subsequent wells would be highly dependent on the spefic results of Samo and the implications of the results on their modelling.
Given FAR probably could have farmed out for two wells for say 15-20% equity (similar to SNE/FAN) but chose to retain 40% I believe FAR are confident that Samo is the real deal and the oil is either there in oodles or not at all (commercially) and as such a follow up well to a duster is not likely to provide any better results.
IIRC the Drillmax has been booked by FAR for two additional contingent wells, from memory they were looking at onselling at least one of these. One may be used in either scenario for Samo but I am not thinking it is likely.
I am/was hopeful the SNE JV will book one of those wells for a well near or north of SNE-nth as it would help spread the mobilization costs for both wells of which FAR is a beneficiary of both. But not sure if there is enough time for long lead time items etc now?
Expectations, page-11
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