Far spreadsheet 500mb table interim DEC 2015 update, page-28

"We are now seeing commentary (Senegalese gov, article in the Australian on FAR) that production could be achieved in 3-4 years, not the initial 6-7 years quoted previously (which obviously should significantly change the valuation metrics "

Interesting Aqua and certainly not supprising as COP have the option to extend to lease on the Athena to 2019. Now we know COP is cutting back on deepwater exploration however it's unlikely they would turn their back on developing a profitable deep water prospect.

I feel FAN is likely to be put into the " add on later " basket and all efforts put into the upper shelf prospects. With COP as operator , the Athena avaliable, combined with the almost certain encouragement from the Govt. and spurred on by the lower cost of drilling why not proceed at pace...

Going to be an interesting year, when and where they drill the contingent wells will be telling IMO. If the current 6 well program does go back to back it would be the 4rd quater of next year before they are through , at that stage they will have the 3D data on hand and have a lot of data on SNE so why not just continue drilling....would certainly be efficient..

Cheers Whisky