happy ending not far away

Once upon a time….. there was a private company called HUNT OIL who took up an offshore lease in a small West African country which was politically stable.

Coincidently Hunt had very strong ties & backing from the US Government which had survey reports indicating huge unexplored potential oil reserves off this safe West African Company - Senegal.

For the last decade with Peak Oil upon us deep water oil reserves have been heralded as the only saviour to satisfy growing world demand.

Coincidently then Hunt, one of the largest private oil companies in the world, choose a small Aussie company FAR to partner them in this huge play.

Then with the GFC & fiscal heat turned up on the US Government, Hunts close relationship with the US Government & George Bush is questioned by investigative journalists. In addition to this Hunts financial obligations see them “disappear”.

Coincidently then rising out of the ashes, magically FAR (90%)end up holding the holy grail by themselves for no further financial outlay.

Coincidently history then shows that another US major Shell steps up to the plate & is offered a 60% stake in this huge play for the unbelievable cost of only $4.5 mill. I have not seen details of any other offers tabled (Other leases around the world have seen fierce competition by Majors with billion dollar prices paid to get a foothold in areas offering similar Senegal potential). This cheap deal was offered on the back of a 20 mill 3D survey carried out only a few years earlier showing huge potential reservoirs and with neighbouring blocks with the same World Class Source Rocks proving large productive reservoirs.

Coincidently we then see Shell having 90 days to say yes or no to the option. During this 90 day period FAR has shown unusual trading patterns indicating possible suspect capping & accumulation in the opinion of many. (Research I have read indicates private companies offering CSEM services take only weeks to correlate and interpret 3D & CSEM data and get results back to their clients)

Is this all coincidence?

Has Shell not accepting the goose that can lay the golden egg ever been a possibility?

Or was the Ending of this Fairytale for FAR written before the story ever began.

IMO looking good for a GREAT RESULT for share holders on the back of new DOW highs, increasing confidence in World Economies & rising oil prices.

Please DYOR