more pressure on shell to say yes to far!, page-7

Great article and brings even more confidence to FAR and the venture with Shell.

Nigeria is extremely dodgy and as PLM has pointed out Senegal is one of the most politically secure African countries.

No doubt Shell will be looking for more projects and by the sounds of it quite quickly, to lift production. They will be looking to get a drill in the ground as soon as they can. Once they have said yes to the Option it wont take a year to commit to the drill. If there CSEM says yes, and combined with the massive exploration $$ they have on offer they will want to get in asap.

I think the option will be exercised mid/late July after the board meeting when the decision is ratified. Shell execs would know now though what the data says. Its impossible to keep these things quiet, it only takes one and the increased volume is a give away.

It is deifficult for these stocks to crash through 10 cents and stay there. It normally retests 10c at least 3 times before stabilising above. NDO is a prime example.

Good luck

Harry