Yes true.
Which brings us to another question, with different possible permutations.
Far is a very small exploration company, and they would do a deal, with COP,...or CNE, depending on the ''amount of commerciality'' of any find. imho
Far has a staff, of 12 I believe.
Possibly, an upfront portion, and staged production payments, or staged royalty payments.
Far, imho would not be keen on waiting 4 or 5 years to have some revenue coming in, as they would want to advance some of their other holdings, in the nearer time frame.
All this is just my musings, and it is counting chooks, still in the shell.
O&G Logging Question, page-49
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