FAR 5.10% 51.5¢ far limited

Moving away from this scrappy thread for a while, let me put...

  1. 47 Posts.
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    Moving away from this scrappy thread for a while, let me put this to the floor...

    As we've heard from Cairn, we're going to start an aggressive multi-well campaign of exploration and appraisal, probably some time in the 2nd half of this year (maybe earlier?)..

    We're going to hear updates and results (hopefully sooner rather than later) on FAN-1 and SNE-1, which will clearly be in line or better than current estimates. Plans for the next drilling campaign will follow.

    We've got $40-odd million in the bank (exact figures will be known soon), which won't be enough to fund our share of a multi-well campaign. Maybe two or three wells at best..

    How are we going to fund our share?
    Further CR's? Or, selling down our stake? Could Kenya come into play with a deal with ConocoPhillips? It's too early for Farjoy's fabled Dutch deal surely...

    Interested to hear people's thoughts.. Hold on to your hats...It's not that FAR away
 
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