Until recently I would have firmly believed the same, but the recent dilution has rocked my faith (again) in anaything Mr SN has to say, and my recent email to FRR has expressed that in no uncertain terms.
The I told you so's that are coming out of the woodwork are seriously getting on my toots tho! I like people to express an opinion but when you don't see them for months and then they suddenly appear with their doom and gloom it shows their true colours.
Let dougal have his opinion if he wants to. Yes, we want all want the shares to rise and I need them to rise further than most. But shortly you ll only be allowed to post on here if part of your post contains the word 2peesville
Re Varang accept that Phases 2 & 3 are into 2016, but given that the deal has clearly now been planned for the best part of a year I would assume/hope/expect that Phase 1 would focus on Niko 1 and that a lot of the preparatory work is in place. .The September RNS implied as much ("Plans underway to commence Phase I of the Varang Exploration farmout agreement at the Taribani Field").
For me the critical element is to be producing before the end of Q1 with a volume base that FRR can report on associated with the end year results, and from which we can forecast likely 2015 revenues. Time will tell.
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