Here is Malcys comments after the Samo drill Far Ltd Far has...

Here is Malcys comments after the Samo drill

Far Ltd

Far has announced that the Samo-1 well in The Gambia was unsuccessful with the main target horizons being water-bearing. Whilst this is a surprise and a massive disappointment to the company, data retrieved was very interesting. Oil shows were encountered at several levels and indicate an access to a hydrocarbon charge system. In addition the well also encountered excellent reservoir and seal facies indicating that all the key components for a successful trap are present.
Far should not lose hope here, this well de-risks a portfolio of prospects and leads in blocks A2 and A5 which should unlock the hydrocarbon potential in the area. The result was not what the company expected and as this was the first offshore well here for 40 years I think that the results will be looked at long and hard before anyone throws in the towel, certainly not Far.