how long does it take ..., page-9

Well it appears whatever is announced Far is no longer a cheap company ... market cap as it stands is $270m mill on confirmed "Oil Shows" only...

So I hope for the sake of all holders recent and mid/long termers that what has been found justifies this lofty Mcap .... If filled to spill then Far's share of the well may well drive it much higher ...but if not or if the well is only partially successful then Far may already have it factored into the current market ... something to be aware off.... Remember Far own a minority share of the poss 900 mill odd prospective Fan-1 resource

... Also I expect they will need to finance and drill several more wells to extract / commercialise the find if it is deemed commercial (Even though the Fan-1 well will not be put into production) .. and these wells do not come cheap from my memory the existing wildcat well cost $70 mill odd or was taht for the two wells. Far will need to finance its share of these wells which will lead to some massive dilution unless they farm out further.

Might be worth doing some comparison on Mcap to peers at this point. My final point is if the well is deemed a dud for whatever reason Far SP will drop like a stone ...Take a look at TPT share price 20c to 2c in 5 days after announcing a failed well ... if you have bought far above say 5-6c you will be at major risk of doing your dough come an adverse outcome in the well...

Not being profit of doom just pointing out all the likely scenarios going forward...


And yes I may consider a purchase if the find is big enough and the current Mcap looks small in comparison ... but it would need to be pretty big.

Best of luck to holders ...