FAR 0.00% 51.0¢ far limited

I am not sure why people were hoping for a better deal than 25%,...

  1. 498 Posts.
    I am not sure why people were hoping for a better deal than 25%, being free carried and plus almost $10m in back expenses paid. The Shell deal in Senegal before it went belly up was Shell 70%, FAR 20% and Petrosen 10% and only $3.4M in back cost or $6M if the well become commerical. Plus Shell was only willing to cap the well at $65M, so we would have had to put in money above that. I think in the market conditions and how long they have been trying to get a JV in Senegal and having to drill before Feb of 2014 or lose the lease the terms are pretty favorable for FAR. Kenya might be a different story on %, but I am pretty happy with the deal at present and look forward to further news.
 
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51.0¢ 51.0¢ 50.5¢ $22.26K 44.08K

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No. Vol. Price($)
3 148595 50.5¢
 

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Price($) Vol. No.
51.0¢ 102895 3
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