re: shell, page-24

re: shell HI ERINNE. thanks for the help.but must point out the little grey areas as they are not corresponding to the information supplied by the company to its investors.
1
According to him Shell have still not finished analysing all the data, but have decided to say No anyway.
2
He did say that they will be contacting the other interested parties as soon as they have the full debriefed results from Shell.
3
According to ME Shell wants to debrief FAR, Petrosen and the Senegal government at the same time as per the contract.
[ and HARTLEYS refered to this as well ]

FROM TH ANNONCEMENT

1
The decision by Shell follows the completion of a Shell funded CSEM Data Acquisition and
Geophysical Evaluation Programme over part of the Licence Area where a number of drilling
prospects have already been identified by FAR and its partner Petrosen.
Shell
[ completion of ;AND geophysical evaluation programme.]

2
ME commenting
“Naturally we are disappointed by Shell’s decision not to proceed further; however, armed
with our earlier 3D survey results and the CSEM study (as soon as it becomes available) we
intend to commence marketing the opportunity to other potential partners. Our strong
balance sheet, large interest in the Licences (90 percent) and Operator status afford FAR
considerable leverage and room to negotiate favourable terms. Our ability to attract
partners and the potential of the Licences was ably demonstrated by our introduction of Shell
to the Senegal Licence area
[ armed
with our earlier 3D survey results and the CSEM study (as soon as it becomes available) we
intend to commence marketing the opportunity to other potential partners.]
?? does this mean what it say's, AFTER IT BECOMES AVAILABLE.and as per ann' 21 september.

NOW THE NEW VERBAL RE-ITERATION HOTCOPPER PLAN IS

CSEM not yet finished [ read ann' ]

THE tmelines set by FAR 90DAYS [ NOW WHAT will it be ready for the BIG no no no NO NO NO presentation.

as soon as they have the full debriefed results from Shell.
WE'LL get to work ??

will rest now and go to pub. then work all day to morrow while we wait for ??????????????????????

DO YOU CONSIDER THIS INNUENDO AND LACK OF CLARITY OF PRICE SENSITIVE INFORMATION.ENGENDERS CONFIDENCE IN FAR.

WG