The CSEM area will be in limbo until we get the Shell report.IMO...

The CSEM area will be in limbo until we get the Shell report.IMO the report should already be in FARs hands,however, there could still be enough oil indicated to interest smaller companies.In the meantime FAR will negotiate, probably with the Chinese on the other leases.

The one good thing to come out of this is that oil is much stronger and the financial crisis is abating .Far will be in a better negotiating position than at the time they signed up Shell.FAR is IMO still likely to get a well drilled in the buried hills area and perhaps ,depending on reaction to Shells data, a well in the area surveyed by Shell.We can only hope!!