FAR 1.02% 49.5¢ far limited

Hi guys, IF we actually all read JP's posts and didnt just skip...

  1. 283 Posts.
    Hi guys,

    IF we actually all read JP's posts and didnt just skip over them, he has given us a very good story the whole way.

    Think back to previous posts where he has told everyone that before they even start drilling a hole, they are given a well plan, all persons required know how long each and every part is expected to take.

    So last week he says " im on holidays and tweet tweets on holidays" and by the way, "this is the last week i wouldnt want to be holding shares in FAR"

    So the story is - they knew how many days it was going to take to latch on, pressure test BOP, drill plugs, check everything over and then drill to the first target. We noticed early in the weekend that the support vessels all started migrating around CE and the suggestion was once again made the " they have had time to run a wireline and get samples"

    So now, even with Hardmano's response from FAR stating that " drilling is preogressing into the first target and hopefully we will be able to announce something soon" there are people that hold, some that dont hold stating through absolutely no research themselves at all, that its a duster and the SP will be at 2c next week.

    I honestly wish that people would READ every post and let it absorb into the grey matter before they jump on the keyboard and type absolute rubbish for the sake of typing something and seeing there comments counter click over one more time.

    This may or may not be a duster, they may or may not be commercial, but there are seriously more things pointing at a twice successful wildcat drilling campaign then there are pointing at a P&A scenario.

    So what if the SP goes south a little bit more, that just means we get them at a better price, so that when they go North we are able to make better money out of it. Fan 1 results are not formally released, therefore NO ONE knows for certain if it is commercial or not.

    But my guess is on the fact that it is a better than 50% chance of going commercial, as they are already negotiating appraisal wells in Senegal in 2015.

    Can FAR do this by themselves, probably not but does that matter right now? The success IS the finding of OIL, the next success is appraising the resource, then the overall final success is turning on the tap and filling up the first ocean tanker - that is a long time away and plenty more hurdles, but it seems that everyone thinks it needs to be looked at today.

    CN has told us many many times that she is going to do whatever she can to hold onto this lease and take it from a discovery to a production field.

    We have had faith in CN before today, lets keep that faith alive.

    If you have no faith in management and no desire to purchase shares in FAR, then by all means add constructive comments to this post, but dont kick it into the ground.

    GLTA - have a great weekend and just let it play out.

    Thanks JP, YA, Aqua, Harmano etc for the posts that help keep the HC and FB community growing.

    God
 
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