FAR

It is looking for oil offshore in Senegal. Just announced a trading halt pending a drilling result. No news from London from its joint venture partners.

It is either good or bad. When the result is out, the share price will either rocket or disappear into the thin air. Unfortunately most drilling results are disappointing even when the seismic studies are good. But I will sleep easy because it is a calculated gamble.

In another 1-2 months, it will be the turn of RRS and RMP. They have started drilling in Georgia. There are promising billions of barrel of oil. Such great hype!

And this morning, I begged and got a small amount to spend on WHN. It is looking for oil off the Seychelles islands; up to 4 billion barrels of oil. If it finds oil, then the shares will pay for a holiday trip there! But it will be a long time before we get any result as it takes a long time in the middle of the Indian Ocean to get any drilling done. And it will have to look out for Somalian pirates!