massive oil related week ahead for far, page-6

hey BG,

just taking the HDR comparison from various media articles over the last six months or so, you have to admit there are certainly some similarities there.

in terms of the farmdown, given the size of the targets generated from the 3D seismic I would expect Hunt/FAR to be able to drive a very good deal.

remember the seismic is only covering 2000 square km's out of 14,000 square km's so there is plenty of ground left to cover yet, and according to their last update they have found at least 4 very large targets with the likely OIP of 3 targets being around 750 million barrels each and the fouth was deemed to be much larger.

there is still a long way to go for FAR but next week represents the beggining of a very significant journey, once they have another major onboard (remember Hunt is one of the largest privately run Oil companies in the US), and confirmed target size(which will be presented at NAPE) and drilling schedules it wouldn't surprise to see a HDR type re-rating.