Malcy declares FAR 'a no-brainer', page-49

"Whisky I hear what you say with a $30-$35 mil CR but that is just not going to work.. reason being - the most recent CR will hopefully carry us for a 4th well-- till say June.. if we raise 35 odd for 2 further wells, and if drilling goes as smooth as currently, we can add at most another 3 months (till end of 3rd qrter).. what then... Yet another CR say around August..Don't think management will want that."

Hi Hot I was working on the assumption by the end of the 6 well program we will have reserves and they are bankable , beyond the six well program we will either have to sell down, sell out , borrow or any number of combinations , once they go for production the picture changes dramatically for FAR....

Cheers Whisky