FAR Initiattion: Evans & Partners, 13c valuation, page-10

Walk

Did your gut feeling come in the form of a massive discovery? Or a takeover? All of us except the usual suspects hope you are right of course.

On FS-1 I note that at VR-1 we had a TD announcement when it hit the SNE level reservoir and after logging etc then the results for the lower carbonate target were reported later (in a release that had another primary purpose). We have stopped hearing that drills are being done under a "tight hole policy" but I reckon we won't hear anything until they are well and truly sure what they have found .... rather than on first encountering any hydrocarbons. Because of all the eyes on the results ... the circling sharks, and the implications for surrounding blocks like A1 and A4. My guess is still this week but maybe a successful outcome could take longer.

H