Why Far is Undervalued., page-31

At the risk of sounding like a stuck record...;

FAR is in a very clear position.

It is a junior spending money to develop a major oil discovery at a time when all the majors are pulling back from spending.......

OUTCOME.

Majors are depleting reserves....
Majors will replace reserves....
FAR(and possibly Cairn) will just simply be taken out by the majors when the time is right.

Thanks Mandurah..good work ....you haveshown clearly what the majors will discover when they choose between trying to find new oil fields or simply buying reserves.....

Methinks when the brakes come off and the majors need oil FAR will simply be an asset to be bought....and the values will be as Mandurah describes. Lets hope we get to appraise Gambia to get our full value.

I would love to see our little oiler turn onto a Cairn or a Woodside ...but there is too much Cap being taken out of the oil game right now and yet depletion rolls on....

GLTA

CV