still undervalued, page-12

good all round opinion plugged

one point of reference is the ME negotiations.as he stated in his interview [ we interface with the national oil company of that country ]
from that referred point i believe the negotiations with the relevant governments were by the national oil companies on behalf of the interested parties.
the awaited GB deal may have ties to the JV for senegal but that is mere speculation.just like our investment in FAR possibilities

shell walked under new management and a course of GAS for the future and have sold several refineries of oil.the survey 3d was to increase the oil potential not confirm it.the result stated was inconclusive.ie the interpretation was not positive or negative,a very salient point to remember.add the success rate in the west africa area and IMHO we are 75% of the way there.the due diligence by interested parties would be an internal direction strategy of which prospect to pursue.so that would narrow down the candidates to more aggressive exploration companies as the powerhouses would purchase more solid developed oil plays

other than that i still hold a high % of portfolio in FAR.

WG