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Wasa...the enquires I have made indicate that Shell must pass CSEM data & results onto Far regardless of whether they exercise the option or not.

Far are then free to use this date with whomever they wish to negotiate with if required if Shell opt out. This makes sense as FAR would want Shell to justify their response backed up with data & results.

If Shell take up the option, which most of us are confident they will, then again FAR would want to see the CSEM data & results as they have a vested interest in where this 1st well is drilled.

Reasons for this are:

>If Shell opt out of the option FAR retain their 90% stake.

> If Shell opt in & hit oil - FAR retain 20%

> If Shell opt in & drill the 1st well & unsuccessful, Shell still retain 70% of the licence - Far with 20%

Cheers