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  1. 1,902 Posts.
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    http://finance.yahoo.com/news/conocophillips-strikes-oil-fan-1-185002786.html

    I like the second last paragraph especially, where it states Conoco plan to spend US$16 billion in investments annually.....the true value of having a super major like Conoco as a JV partner is not to be under-estimated

    I think as long as the next set of results continue to confirm the story so far over FAN-1, then if they go ahead with a 2-3 well appraisal program, a 5-19% interest in FAR by Conoco would be a healthy resolution to our financing requirements

    if at 12c (324m mc), a 19% intetest as a major sh would provide FAR with US 65m, easily enough to cover FAR share of costs for a multi well program
 
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