FAR 2.13% 46.0¢ far limited

GWs inside man at Hartleys was obviously left out of the loop on...

  1. 2,648 Posts.
    GWs inside man at Hartleys was obviously left out of the loop on this one.Remains to be seen if its a good move but what it does do is give FAR more opportunities to find oil,which up until now they hav'nt done.Some may wish to blame management for that lack of success but the oil exploration industry is high risk one,even when the science is on your side.(We found that out with Kora!).Seems to be some suspicion that this is managements way of moving focus away from Senegal as they suspect the decree may not be forthcoming.IMO opinion Senegal cannot afford to not grant that decree.Their sovereign risk quotient would increase enormously.According to Senegals own legislation,FAR have fulfilled all of its obligations there.Would have to be a turn off for future investment there.It is after all a completely untested basin.
 
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