Thanks for posting this rolling. A couple of questions about the fourth para (awarding of the two offshore oil blocks prior to xmas). Both are really about exploring/exploiting the tightness of the relationship between Petrosen and FAR.
Firstly, I don't really understand at what point payment is made for a new block. But, given Petrosen and FAR's more intimate knowledge of what has been found to date, might FAR be granted a block on the back of a promise to pay later??? i.e. once any horse trading on the current discoveries has been completed.
Secondly, if Petrosen are going to have a crack at a third block themselves, might there be a place for FAR's expertise at the table, in exchange for a modest WI?
Thirdly, is it possible that the Senegalese government gets a sudden rush of blood to the head and says to FAR thanks for everything, we'll handle everything from here?
Sorry if this is all a bit daft. Just thinking out loud...trying to pass the time til next quarter.
Roy (all IMHO and DYOR)
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