I am as hopeful as everyone else but have been saying DOC is not on the cards any time soon. Have always said that CNE and COP will advance the SNE field as quickly as possible, if we look back to September last year when they started the 3D shoot to now they have been flat out ever since. Every time they drill a hole they have more data points that can prove/update their current models, I think the image of SNE has changed at least 3 times in the last year and expect it to change again tomorrow. It takes years to develop a oil discovery into a working field and those that in the past took short cuts to get to first oil such as Kosmos end up paying more. Hell... even saw CNE tendering for a FSO last year so I do not know what else FAR shareholders expect of the JV, maybe two drill ships on site, or double the number of people working on the project, for all we know those computers cranking out the data from the last 3D shoot are running red hot as I would expect a few people from CNE, COP and FAR are ringing on a weekly basis asking how that processing was going because the sooner JV gets that information the better off they will be.
The JV will dance to it's own tune rather than that of the FAR shareholders, and it will take as long as it takes
I have listed the ZCS (Zip chance of success) for each item
DOC as part of preso 2%
Resource upgrade 75%
Discussion on the commerciality of the SNE field 80%
Commitment to next 3 wells 65%
Farjoy not selling shares any time soon 99%
Providing location of SNE4 (west of SNE1) 25%
Providing location of next 3 wells 15%
Black Italian coming back and having a go at posters 95%
Getting a free well out of first three well program 36%
New images of SNE 92%
FAR doing a CR this week 3%
CN smiling and being very excited (generally) 97%
Getting new 3D data update 9%
OOO providing a accurate and entertaining update 99%
SP hitting 14c as a result of preso 45%
Zip upsetting Ms OFL (wife) 100%
Still looking forward to buying everyone drinks if I'm wrong on DOC
Look forward to the updates and posts tomorrow so DYOR and GLTA
Zip
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