It is interesting to note that Far limited has gone into a trading halt this morning in Australia ‘pending an announcement’. Following the significant oil discovery on FAN-1 offshore Senegal, the partnership are now drilling SNE-1 and whilst I wasn’t expecting an announcement quite so soon this may be material.
Of course there is no guaranty that this well has come in, it may be a duster which is also material to Far. As much bigger companies, Cairn and Conoco will not be obliged to comment, particularly at such an early stage but Far can only leave it until Tuesday to say something.
Watch this space, if anything comes up I will report in the blog later.