DOC will mean that COP can takeover. COP want to deem commerciality early so that they can internally move Senegal from deepwater exploration (ie COP has deepwater exploration assets for sale) into a pre-development project. With 30 geo's on the RIG, COP has significant information around what they have and will want to increase their stake and be able to take control off of CNE which is only possible via buying FAR and a small stake from Petrosen..
All IMHO. My pick would be prior to the end of May.
FAR Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
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