Hi Gassed, this is from page 4 of the half yearly"The current...

Hi Gassed, this is from page 4 of the half yearly

"The current phase of the exploration licences expires on 23rd November 2010. Under the terms of the
licences, the commencement of the application process to enter into the next exploration phase, which
includes a well commitment, is required late September 2010. The Board is currently evaluating the
options available to it should a farm-out agreement not be reached by this date. Entering into the next
exploration phase would require the posting of a non-refundable US$5million performance bond. FAR
would look to recover this amount as part of any future farm-out agreement.
FAR holds the largest acreage exposure of any ASX listed entity offshore West Africa and is well
placed to take advantage of the expected increase in interest in the area resulting from near term
exploration drilling along the Central Atlantic Margin."

cheers billdah