FAR Ltd (ASX:FAR) managing director Cath Norman speaks to Proactive Investors about the Samo-1 well offshore The Gambia, which is generating a lot of buzz amongst global oil & gas market experts. She also provides updates on the exploration company’s Senegalese project.
Norman explains, “the Samo-1 well of course follows on from eleven successful wells that we’ve drilled in Senegal. The Samo-1 well is on the same geological trend as the big SNE field that we discovered to the north, and it’s only 20 kilometres south of the centre of the SNE fields. So that’s part of the reason why it’s creating a lot of buzz, but you’ve also got to put it into context… Samo being an 825 million barrel prospect must be one of the biggest prospects that’s been drilled for some time. And of course FAR has 40% of it… we’re the operator of the well.”
Source: proactive investors website.