FAR has a very clear insight and understanding to what Hardman...

FAR has a very clear insight and understanding to what Hardman done in the past and Evans has clearly stated its his intention to follow Hardmans footsteps so to compare Far with Hardman is obvious TO ANYONE.

First Australian Resources makes no bones
about aspiring to follow in Hardman’s
footsteps.
The Perth-based junior used to be best
known for its low-risk, incremental projects
in Louisiana, United States. But in January
2006 it moved into deepwater acreage off
Senegal on the northwest African margin, not
far south of Hardman’s Mauritanian blocks.
“We’re in the same basin where Hardman
made their initial discovery,” FAR chairman
Michael Evans said.

Following Hardman’s success in Mauritania,
the majors and supermajors became
interested in the north-west African margin
and it took nimble footwork for FAR to grab
its slice of Senegal, which spreads 14,981
square kilometres over the shelf, slope, and
basin floor.

Other players have moved into
the region, including Brazil’s Petrobras,
arguably the world leader in deepwater
turbidite exploration, which has taken the
permit immediately north of FAR’s blocks.
“We’re rubbing shoulders with the
heavyweights and are really an anomaly in
this region,” Evans said.
“People see names like Hunt, Woodside,
Dana and Petrobras and wonder, ‘What the
hell is FAR doing in there?’ We have such a
small market cap compared to the other
players. The next nearest company by value
would be around $2 billion.”

At first glance, the company may look like
a misfit but Evans and his colleagues are
feeling comfortable. Just as Hardman teamed
up with Woodside and Dana, FAR has landed
a big-hitting partner. US major Hunt Oil
participates in major oil and gas production
operations in North America.

But as FAR’s Michael Evans points out, it is
the blue sky stuff that gives a big lift to the
share price and drives ambitious juniors into
distant corners of the world.
“Companies like Hardman have prompted
many investors to look for a serious home
run,” he says.
“Small companies can really only get that
magnitude of growth with large international
plays.”