I`ve read a lot about FAR / Cairn / COP / JV in Senegal last weeks. As it seems, African Petroleums acreage is very near, in fact the nearest prospect in their Gambia license is only kilometers from the SNE-1 discovery.
"African Petroleum is a significant acreage holder in the highly prospective West African Transform Margin, with high equity positions in all of its licences, offering a unique opportunity to strategic partners to share risk and rewards. African Petroleum is in a strong position to unlock the prospective resources of our assets and mitigate risk."
According to CFO Stephen West, there will be made farm out announcements by H1 this year. A completed farm out transaction provides a huge upside potential, a commercial discovery should deliver further material upside.
