FAR Pre-takeoff 9th October - Revealing the prize., page-4

Unlocking 3.5 billion barrels sounds impressive but there needs to be some context.

Notice all the tie backs to the SNE production facility?.....Do investors believe that ALL the Fans and other prospects along trend with SNE are going to be tied together by 2021??.....It would be wrong to think so.

I will assume best case the FPSO in the diagram is capable of processing 200,000bpd. If they tie 3.5 billion barrels to it it will take 60-80 years to deplete. So investors won't want to be buying 3.5 billion barrels because an 80 year investment horizon is a bit silly.

I would expect SNE to be developed and tie backs to occur only to maintain a rate of production of 80,000-200,000 barrels per day........is 200,000 too optimistic??....I think so.

FAR at $1.......I don't think so.