FAR 0.51% 49.5¢ far limited

Juicier target CNE or FAR, page-105

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    After DOC (in late 2018?) everybodys stake in SNE exploration PSC (except the operator!) will be subject to a competitive tender process for the production development PSC in 2019. TOTAL are doing the early work as part of their submission. I suppose that the farm-in by TOTAL or some other super-major to the production PSC will generate the cash to compensate the explorers that bring it to DOC (CNE and FAR).

    If TOTAL were to take over FAR (following successful PE) they would be in the box seat with a majority stake, operatorship and immunity from missing out on production PSC seat.
    Last edited by szaba_the_hut: 02/01/17
 
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