Far Market Cap versus Money Sunk, page-3

"Not sure of the relevance of what has been spent Kimbo as it doesn't really effect the value of the asset now but anyways;"

Yes it really has no relevance and it's a question that could have been asked about any Company around today at some stage of their existence...it's what's done with the money they have spent, the future value of any asset aquired or discovered and any income stream derived over the life of the project and shares issued that will determine matters....that's for the future..

Since starting drilling FAN and SNE the Company has raised $188 and it started that period with $27 Mil in cash and will have approx $70-80 Mil in the bank after finishing SNE NORTH 1 ( This has to be an estimate) .

So in the last 3 years including SNE NORTH 1 FAR will have spent approx $140 mil have approx $70-80 mil in the bank, have found in the region of 100-120 mil barrels 2C of high quality oil net to FAR and have a MC of $415 mil including $70-80 Mil in cash after starting that period with a MC of $100 mil including $27Mil in cash...The Shareprice itself is up around 90% over that same period...

If we go to production we will spend another approx $6 barrel so in the region $7-8 barrel spent in total...who knows what those barrels may be worth at production with an income from possibly 20,000 BOPD and with a project that may last in excess of 20 years...but for me money its money very well spent but has come with a dilution cost, you can't have it every way.

I've left out what might have been spent in the years of exploration leading to our discoveries other than the $27 Mil in cash, it just gets to difficult a trail to follow...this also excludes any contributions that may come from our leses leases in the future, in particular A2-5 , DJ, FAN and PE, those opportunities have come as a result of the success of that spending..

Cheers Whisky