FAR is about SNE and now Gambia, leading on to GB and possibly Kenya...PE is just a dispute over something we never had in the first place....IMO the shareprice has much more to do with the fact that with a MC ranging recently around $460- 490M it is reasonable value under the circumstances and we are up over 30% of the last Major low...there won't be many small Oil Companies out there with income 3-4 years away, finance to be sorted, with a MC close to half a billion dollars....it's a testament to the quality of the Management and the assets...
The market will pay what it can get away with , it requires a bid at this stage to find what value the industry would place on it, taking into account upcoming development costs and other assets...
Cheers Whisky
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