As much as I love the FAR story there is something that concerns...

As much as I love the FAR story there is something that concerns me greatly...

Everyone is talking about $30 million to $40 million to drill one hole and ultimately everyone will be waiting on the results of that hole. The chances of getting it right on the first hole of a wild cat well are very slim....about 1 in 10 at the very very best....you shouldnt be investing with the thought that one hole will get the results, it nearly always takes more than that.

As they said in the hartleys report and as I mentioned before, it is highly unlikely that a well will be drilled in 2010 although with a farm in partner and drilling plan in place the licences will be renewed without issue.

And with the prospect of a cap raising looming (the acquisition of Delek surely increases this possibility) then you have the reasons for a lagging shareprice.