News: Australia's FAR says Senegal oilfield could start earlier than expected, page-27

15% at worst would make FAR a prime take over candidate, I for one don't want that to happen as I'm happy to wait and tie my funds up till production starts, what you may be forgetting is once we drill VR1 and SNE 6, which as Cath has said are development optimisation wells, not appraisal wells, it's onto establishing total field size (SNE). At which point the oil goes from being resources to reserves. Then we look at reserve base lending, no CR will be needed IMO. Where's the risk in owning 15% of those reserves. This field is commercial around 250 mboo (million barrels of oil) and an oil price of $35 per barrel, we now have at least 640 million barrels prior to SNE 5, and an oil price that whilst below $50 should have a strong year, (in theory).

It may be rose coloured glasses?? But I don't see any downside if your goals are mid to long term.

Good luck to all holders.