FAR v OP, page-27

I think you are right DB.

They would give even less of a damn about small shareholders than CNE. Besides they stated that their priorities right now are shale oil because they have some of the best shale assets in the USA (I think they have the most shale acreage also in the USA) and its less capital intensive and they want to reduce debt. Senegal has obviously taken their fancy though or they would have scrapped exploration here too like the other deepwater assets they have scrapped.

I think CNE are a quality company and have proven that with the CNE India venture.
Proven up the asset and given shareholders a bumper payday.
They have now moved on to create more shareholder value in Senegal.
I expect Far to go down this route and I think its going to be a long road.
Theres that bloody word again....patience.
CNE holders who were patient were well rewarded.
My ultimate goal is a takeover but its a rare event and one I'm trying not to focus on.


The only reason I would like COP to takeover
operatorship is if they would be fast tracking operations but doubt they would.
Tullow seem to be the only ones who take this path.