G'day Harry agree some easy money to make from here on in. Interesting to note just how far the "Alhamdulilah Prospect" overlaps into FAR's Senegal Sangomar Offshore deep block on page 19 of the AP report. Also interesting to see the 2nd prospect on page 19 again overlapping into FAR's block that's been flying below the radar. Success by AP at "Alhamdulilah" with other identified targets may just see FAR's "Southern Fan" (500 mill boe) and Giant Buried Hill" 1 Bill boe back on the radar. Not long now till Q4 2012.
Also worth noting AP details:
• Total number of shares in issue 1,628,340,920
• Total Number of Options 36,695,655
• Market capitalisation of approximately USD $2.6bn*
In comparison given the size of FAR's African holdings , FAR's market cap of $88 mill with around 2.2 bill shares on offer, success by AP in the West or our Kenyan neighbours in the East will make 4 cents a share a distant memory. All without FAR spending a cent.
Maybe 2012 will be the year Santa delivers - already mailed off my wish list.
Cheers
PDYOR
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