Gold Coast, page-68

I have been in FAR for quite a few years with quite a few mil and luckily my entry price is very low.
Started with high hopes of a quick buck. Then got a bit more patient. Then I learnt about fundamentals. Then learnt about oilers or rather an oil exploration company.
Then I started to learn about geology. If I had no patience to start with, I certainly have it now. I believe based on knowledge and info available, that we have found a major oil field and subsequently I just sit it out. It will come good.
Watching the SP, its difficult to say when it will run. There is always a reason why it does not. But I am convinced, that if an offer is being made for FAR's stake in Senegal or a full T/O offer, this SP will run. Will it happen? Just look at the depletion of the oil reserves by the major players and you have to think yes. Look at the number of oil finds, the difficulty of oil finds, the massive reduction in CAPEX and its not difficult to see how things will turn out. Historically, this has always created spikes in the POO and it will again do so.
The only thing missing at this stage of the cycle is proof that major players are looking at Senegal, at us or at CNE or COP. If I were a betting man I would say yes.