Blast from the past - Area of Mutual Interest: "The AMI provides...

Blast from the past - Area of Mutual Interest:

"The AMI provides FAR and CNOOC UK with agreed arrangements to partner in evaluating, bidding, negotiating and managing joint ventures on farm-in and open acreage opportunities for oil and gas licences. The AMI agreement period is for two years.

In combination, FAR and CNOOC UK bring together expertise of the Mauritania-Senegal-Guinea-Bissau (MSGB) offshore basin and the capabilities of an international deep water operator. FAR and CNOOC UK are committed to building longterm strategic relationships with the host Governments of Senegal and The Gambia and their people.

This agreement positions FAR to further expand its portfolio and establish itself as one of the major players in the rapidly emerging MSGB Basin – a basin that is increasingly attracting the attention of the world’s oil “majors”."

Have doubt the PE will be chased - with the backing of a major player.

Ace in the pocket?