FAR 2.20% 46.5¢ far limited

"To prove up the potential oil we may have in place in Senegal...

  1. 13,503 Posts.
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    "To prove up the potential oil we may have in place in Senegal and other leases, and bring out the massive future reserves we can bank as proven. Massive, and I mean a colossal amount of funds are going to be required. Even with a consolidation at a most desirable time, dilution will be enormous."

    Thanks for pointing out what many seem to want to overlook Jordi....now if FAR could hold its 15% WI through to production in 4-5 years time then $4bil is very likely but it will come at a cost through debt and equity....

    Lets see what we have at the end of the 6 well program, should it go to that, by then we will have a better handle on our mixture of reserves and resources after having checked out Bellatrix, sirius and possibly FAN...in the meantime we know what we have with SNE and its a very goodbase to start with...

    Cheers Whisky
 
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