other stocks steady.., page-17

far - the risk I wanted nothing more than to see FAR reveal some outstanding results today and shove it in the faces of all those who have doubted the JV's ability to perform at this project.

IMO market sentiment was that of "no confidence". On the eve of expected flow rate results (226 barrels), the share was trading between 12.5 to 14 cents whilst AIM listed EME went up 300% +.

Sure other partners in the venture LKO and VPE held up today, however LKO released a great (price sensitive) announcement today regarding a gas/oil find (50% interest) in Gippsland Victoria. VPE stays put, however their 1.8 billion shares failed to add significant value in the lead up to Eagle in any case, DYOR. SUR -2.8%.

I too am now dissapointed with FAR, why hold out on the shareholders, Flow Tests were expected 5 days after the find on 17/2/06, since then they have bought time using excuses such as public holidays / weekends with regard to flow rate results. Makes you wonder if USA Rig employees observe WA Labour Day holiday lol, everyone else had to, including British EME.

In any case with regard to the announcement,
"Hopefully a drill stem test will be called (Hopefully at the weekend)" ????? Is this their first attempt to be up front and let you know it may not happen on the weekend.

I have ignored past negative comments, maintained the "glass is half full" mindset, however the horizontal drill is the real risk given track record. Do yourself a favour and research why they stopped in 1986.

Your thoughts ?


Please do your own research, am expessing my opinion only.