FAR

Not long ago, I invested in an O&G exploratory company called FAR. It is prospecting off the coast of West Africa, lastest in a JV with the richest man in UK, Mr L Mittal. Aunty Julia and Uncle Wayne do not live there. And the President of Senegal has approved of this company's activity which apparently means "everything go". But Senegal is not the most democratic country in the world and has only recently come out of terrible civil unrest.

It is appearing in the Australian Financial Review so I have great hope! Good publicity means better share price. For some reasons, people who control money in the city only read the AFR, otherwise, they are in the darkness. Thank God, I can sometimes see in the dark!

FAR is very high risk but can be extremely rewarding if it hits the tarry stuff. I used to invest in Hardman Resources but it got taken over. How sad! Because its faith in Uganda (more 1 billion barrels of oil discovered since) was confirmed. It has been credited with discovering oil in Uganda by the Ugandan government. Luckily I took up shares in Tullow together with some cash so I didn't lose out completely. Tullow has been very successful with its oil exploration projects. Aussies are very smart and intrepid explorers; I just wish they do less sports which is so unrewarding to most citizens on a personal basis.