Probably be a while before even FAR know the true nature of what they are seeing, a few holes will fix that.
I'm personally only worried about finding oil, and lots of it, at Samo. The rest will take care of itself if that happens.
I still believe that FAR will find it difficult to keep all these balls in the air at once.
1. SNE development
2. Arbitration although most likely mostly out of their hands now.
3. Operating Samo-1 and any future evaluation 2-4 wells
4. Soloo and GB in 12-18 months 2 wells
5. Most likely more wells at SNE-FAN around the same time as Soloo /GB 2-4 wells
6. Paying for all the drilling above which could have 10+ wells involved.
All the above is a great problem to have though.
End of this week we should have the exploitation plan dropped on the government effectively JV DOC and 2P reserves booked. Will be interesting to see if they include any of the gas in there and have a JV agreed number for once.
Bring on Samo fingers and toe's crossed! DB
FAR Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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