Four possibilities IMO.
1.Rig proven incapable of completing job and told to go home, which would be a major announcement.
2. They recommenced drilling and have had a positive result which happened before FAR had a chance to announce the recommencement.
3. An additional well to be drilled. Perhaps the buried Hills prospect.
4. The report re testing was correct and they have a find.
More likely to be bad news than good IMO as a simple increase in maintenance time wouldn't require a trading halt. Only a gut feeling. We might need to wait longer for a result. I'm holding until they complete their Senegal campaign. Good luck to all. Especially the long termers.
Ann: Trading Halt, page-59
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Last
50.5¢ |
Change
-0.005(0.98%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.5¢ | $9.056K | 17.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 51424 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 60038 | 3 |
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| Last trade - 12.25pm 11/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |