By not having access to the 3D seismic will be causing the...

By not having access to the 3D seismic will be causing the following headaches.

1. They will find it very difficult to attract third party suitors if no quality 3D data available.
2. Do they risk handing over a $15M Bank Guarantee if they don't have any idea if any genuine 3D targets exist.

So how does CAP make the bellow claim from their May 2017 presentation??

New 3D data (380 km2) interpretation currently underway:
- Identified new Erosional Uncomformity Play, analogous to SNE & its satellite prospects
- Confirmed Antelope prospect structurally & volumetrically

Either FAR are in contact with CAP, CAP are lying through their teeth or Trace very quickly conducted their own 3D seismic in record time. Someones telling porkies here!

http://www.capenergy.co.uk/resources/CAP-Energy-Plc-Q2-2017.pdf