The Gambia and Guinea-Bissau, page-12

"FAR is unlikely to farm down GB having raised its stake in the most recent negotiations"

The other side of that OOO is that by increasing its stake in GB means FAR just gave itself more room retain a higher WI in a farm out.

It seems to get forgotten that FAR is a tiny undercapitalised Company with huge existing funding requirements drilling in deep water offshore, which is the most expensive and high risk drilling of all, we were introduced to that with our near death experience at FAN. In fact even with SAMO , which was free carried, like FAN had a cap and should drilling have gone pear shaped there we would have been in deep trouble with cost overruns beyond the cap...everything is fine untill you run into issues when in deep water and even the best run operations can get into difficulty..when you have a commitment with the Govt to drill a well and it goes wrong and needs to be abandoned, you are obliged to drill it again and that nearly happened at FAN.

FAR might be in the business of exploring but not at the expense of being put out of business altogether...

Cheers Whisky