Hi CV Since you ask and I had a look at this before, way back,...

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pj

2,090 Posts.

15/04/16

12:08

Post #: 17512527
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Originally posted by Craw-Vert ↑

I feel its time for a thread on a subject that should soothe some rattled nerves from the latest conversations.......

OK...its about now that a lot of negativity and potential down ramping will rear its ugly head....lots of people calling sell....and, by inference, cajoling others to sell...

There will be a lot of undecided shareholders out there at the moment...the tree will be shaken with the hope of shifting shares from weak hands to stronger hands.

This thread is here to give a little perspective;

SNE is a massive oil find and is mostly de-risked.. the last hurdles are to prove connectivity and try to find its boundaries..

We have all the best possibility of making it to a DOC. In my limited experience of oilers....that is when a likely re-rating of the SP into very positive territory...at this point in time the fields oil is re-classified and becomes bankable.....also at this point in time cautious suitors become more active...lots of SP lifters start happening at DOC.

We look to be going to DOC within a year. CON are pushing and so is FAR...it would seem that the Senegal Govt. should also be on board...It does look good.

Could anyone reading this thread, that have had experience with holding an oiler that has transitioned though DOC, please name the stock and describe the impact (positive or negative) on the SP..

Its time we really did get to appreciate and concentrate where this ship is heading rather than casting dagger-looks at the bridge...

All the best
CV

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Hi CV

Since you ask and I had a look at this before, way back, but by strange coincidence here is a stock that had a DOC before, CNE in India!

(Courtesy BigCharts - edit by pj)

Now, obviously all fast tracked onshore (?) compared with FAR, and all set against a rising oil price as you can see, and I caution the stated resources over the period to DOC never really changed that much, merely got proved up, but kind of goes to show how the market tended to anticipate the DOC in advance (price actually fell after that announcement).

Then the Indian Gov started tax issue on PSC, haven't really studied any issues after that, rising oil price prevailed and obviously will again be a driving factor one way or another for FAR.

pj

FAR Price at posting: 9.2¢ Sentiment: None Disclosure: Held
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0 Great analysis

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