Juicier target CNE or FAR, page-104

There is possibly one point that we have not covered, amongst the thousands of conspiracy theories, and that is this. Maybe FAR's silence is not directed at the share holders at all. May be it's is CNE that they want to keep in the dark! The SH's are just the collateral damage.

Hopefully we wouldn't be damaged beyond repair!!

I am sure the FB poster won't mind me cutting and pasting this, after all it's on the net.

Reconciliation between France and Senegal under strong oil odors. While Hollande pledged on Tuesday to facilitate the granting of French nationality to the Senegalese riflemen , those sub-Saharan African soldiers who fought in the ranks of the French army, the President of the Republic of Senegal, Macky Sall , in state visit to France, said in parallel that the prospect of an intervention by the French oil giant Total in operating the Senegalese offshore oil was a "positive" points for Senegal.
Macky Sall said that the fact that Total wanted to exploit the Senegalese off-shore was a positive point for Senegal.However, adding that the conditions for this intervention remained to be defined according to the provisions of the Senegalese Petroleum Code. For Macky Sall , Total's intervention will be "a plus" for Senegal.
The Senegalese head of state spoke in the context of the signing of a cooperation agreement between Senegal and Total for deep offshore oil, signed by Momar Nguer of Total and Thierno Alassane Sall, The Energy. It should be noted that since April 2016, Momar Nguer, Senegalese has been promoted from the position of Director of Africa - Middle East Marketing & Services to the position of General Manager of the Marketing & Services branch and member of the Executive Committee of the Total Group.
Macky Sall wished to clarify here that the entrance of Total in exploring the Senegalese oil does not call into questionthe agreements previously signed with other oil companies.
Besides the agreement with Total, Senegal and France on Tuesday signed a memorandum of € 193 million to accompany the implementation of the project regional express train (TER) to reach Dakar in the new Blaise Diagne International Airport (50 Km), which is expected to open in the coming months.
The signing ceremony was held at the Elysée on the occasion of the state visit that the Senegalese head of state has made since Sunday in France. In total, Senegal and France signed 7 protocols or agreements in different sectors.
- Oil discovered in Senegal is of interest to France
In late September, Manuel Valls, then prime minister, had already said bluntly as part of a program of Senegalese TV "direct questions" that " the oil discovered in Senegal interests of France" . A statement made after an official visit to Senegal and the announcement made last January by the Senegalese head of state of the discovery of a large natural gas deposit in a prospecting area in the Senegal Northern part of the St. Louis deep offshore license.
This discovery, deemed significant, is considered the most important deposit in West Africa because it is made up of a large structure distributed on both sides of the border between Senegal and Mauritania, with reserves estimated at 450 billion Of m3. It follows a discovery of the company Cairn Energy, dating from 2014, consisting of a deposit of oil in the prospecting area of Sangomar deep offshore, 1,427 meters deep, off Foundiougne, in west-central Senegal .
Cairn Energy had estimated these reserves between 250 million and 2.5 billion barrels, but in August 2016 Cairn Energy upgraded the SNE field reserves on the Sangomar Offshore Profond block. According to the Scottish group, they could exceed 2.7 billion barrels.
Cairn Energy operates three oil exploration blocks in Senegal (Sangomar deep, Sangomar and Rufisque), where it holds 40% of the shares, alongside Australian FAR (15%) and Senegalese petroleum company Petrosen (10% ) And the Australian Woodside, which recently acquired the shares of American Conoco Philips (3%) to the displeasure of FAR, which relies on a right of first refusal on these assets.