Hi Virtual,
In a nut shell, FAR drilled a well off the west coast of Africa (Offshore Senegal) and struck oil.
Some (including myself) believe it is a huge amount of oil - testing is underway as we speak with results due in the next few ... days / weeks / months. It is the first offshore well to strike oil off Senegal and the company believe they have found a huge new oil reserve.
Any questions, please let us know.
Ele.
Valuation Problem, page-58
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