Initially,as with many companies,it was the sub-prime crisis,but...

Initially,as with many companies,it was the sub-prime crisis,but also FAR has had to suffer a period of low production,as the company concentrated on generating seismic on this new suite of projects.The company felt this was a more efficient use of shareholders funds,as they could achieve higher percentage share of projects,and then broker farm in deals on the riskier ones,and maintain more upside on less risky projects.Then of course came this cap raising,which arguably is poorly timed,given the lack of news.We are about to find out if this strategy is about to pay off in a big way.Of course the farm-out and build up to drilling in Senegal will generate a substantial SP increase,but if all drilling projects in this quarter come to full expectation,this could be the best performing oil stock on the ASX.