warsaw/others: Firstly, I do not understand at all why this...

  1. 13,039 Posts.
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    warsaw/others:

    Firstly, I do not understand at all why this under FAR and Red Fork - I anyhow do NOT like double-headed posts (which I do find most confusing)! What has Red Fork got to do with Senegal or Kenya??

    Secondly: I would expect POSSIBLY (but not surely) BEFORE what you, warsaw, are mentioning as being "THE announcement" some other announcement(s) that might well come during December and that would/will be in respect to KENYA rather than Senegal.
    According to PCL's (FAR's partner in L6) latest presentation just out today (refer to page 26), Kenya L6 Onshore's seismic survey is to start EARLY in Q1 2015 and therefore I would expect an announcement before that start, which would/could still be falling into 2014 perhaps?
    Moreover, under KENYA L6 Offshore, the "Farmout Activities" are shown to last until about the middle of Q1 2015. But - JIMHO - announcing a partner could well come at any time before that ?? Time will tell as usual.

    Regardless, I feel that FAR is being sold now at bargain pricing yet again.

    Whilst I - like all the other longterm holders of FAR - got diluted when those sophisticated investors did snap-up 424'961'685 extra new shares to bring the total outstanding FAR sharecount up to 3'126'808'427 (i.e. an INCREASE of a bit more than 15.7%), I have taken action meanwhile and increased my holding of FAR share by + 17%. And today, I am also in the market to add some more.

    Wishing all the best to all FAR holders - especially the longterm ones.

    wasa
 
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