shell says 'no' , page-62

I still remember Hardman [HDR]-- as BOS says -- the CSEM data should have been handed over on the day that SHELL made their decision.

Some questions;

1. Did our management team at FAR factor in both the Shell response, and the time-gap in gaining access to the data?

2. Given that we are now in limbo, why not?

3. Can Shell pass on any of the data to other potential interests without consulting FAR?

4. The licence expires soon -- after already gaining an extension, what is the likelihood of gaining another - for the same tenements and the entire blocks?

5. Is the move by Shell part of a strategy to knock-back FAR -- then have FAR lose completely, or have a significant reduction in the tenement areas, enabling Shell to step in, and apply/take-over these same licences that they have just dropped us for?

On a positive note, before taking the FAR scrip to the dump, consider the following;

1. Our licences are over a large area with significant potential.

2. The world is at or beyond Peak Oil -- large untapped resources are increasingly rare, but their true value goes up when OIL and GAS prices inevitably increase.

3. China is still on a resource shopping-trip all over the world, trading their US dollar bills for the "stuff" that they will need well into the future. And POL [Petrol, Oil & Lubricants] are really high on their list.

Summary: There will be other suitors -- the next biggest hurdle is to ensure that the licences are extended with FAR and Petrosen as the holders, as per the current tenement sizes.

cheers