FAR 1.02% 49.5¢ far limited

Ann: Significant oil discovery offshore Senegal, page-62

  1. 21,239 Posts.
    lightbulb Created with Sketch. 9
    mental - I must have missed the part of the announcement where it said a "MAJOR OIL DISCOVERY WAS MADE"

    what I did read was that a significant oil discovery had been made, meaning the oil that was found could signify the discovery of a commercial oil field. But that won't be known until more drilling occurs - and what if the next hole is a duster? you probably think that's impossible but if you'd been around oilers for long enough you'd know that chickens should never be counted before they hatch in the oil exploration game. (Sorry for the bad metaphor)

    still, good luck to all, and let's see what the market says tomorrow. At least FAR will provide some excitement in an otherwise dreary market.
 
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