xctension granted, page-29

To all those long term farites out there, great news on the licence extension. With close on $20 mill in the bank & still 1 bill+ boe targets in the licence area looks like we're in for a good Christmas after all. With the price of crude near $80 a barrel & recovering economies around the world a JV partner announcement won't be long away & I'm sure ME won't be entertaining any conditional offers this time round.

IMO there's a lot of upside in the SP from here and as per my earlier posts patience was needed over the last few months as the 10 year SP history shows the SP has always bounced back. I'm confident this would have happened without Senegal, but it's now game back on with a much speedier recovery. On today’s announcement I've just topped up as the SP at these levels is great buying with minimal risk as I'm sure FAR has been way over sold with the licence extension in doubt. Good luck to all that have hung in there & new shareholders as well.

Please DYOR