DOC impact on SP, page-3

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