Key points from AGM, page-119

It seems CAP have already obtained access to the 3D.
If FAR did not give it to them then maybe via Petrosen since CAP partnered with the Chinese earlier this year?




Bruce Abbott, Chief Operating Officer, Genoil, commented: “The MSGBC Basin is about one-third of the size of the Gulf of Mexico. More than half of the existing wells are in depths of only 100 metres which facilitates ease of exploration. There is huge potential in the region which is evidenced by the discoveries by Kosmos Energy and Cairn Energy, the latter being adjacent to blocks licensed to CAP Energy. We will be working with CAP and our Chinese partners to both maximise opportunities for our GHU low sulphur technology and provide the investment required to develop these exciting prospects.”