Good points raised by trim and Squire.
Agreed, trim. I did say my analysis was simplistic.
Your comment is, of course, related to Squire's observations about funding. Being the optimist, Squire, I'm hoping a declaration of DOC will follow the next two wells and enable FAR to raise debt funding. (Assuming no PE, of course.) My reservation is that it's the operator that will announce DOC. I'm not convinced Cairn is our best friend. DOC delayed would create the need for significant capital. Maybe then Farjoy might make good that long ago self-appointment as fundraiser-in-chief!
Not many days until Santa comes. We are running out of time for those who confidently predicted a happy pre-Christmas resolution to the PE issue.
Phillip?
OOO
Okay, so just what are we really worth?, page-12
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