FAR 2.91% 50.0¢ far limited

Tension mounting in news vacuum, page-39

  1. 3,444 Posts.
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    A blast from the past!!

    Thought I might just revisit this thread from the past. Following is JujM's post that I copied in (hope JujuM won't take exception) which unequivocally stated the company's views and intentions re updated numbers etc etc. I'm not sure but something is amiss - We've been waiting for the update( and upgrade to 2c) for months on end but it never came - yet FAR "sent a message to shareholders to the effect that "it's on its way - patience" - so we waited, and waited. Then there were new noises that results can now be expected in July/August (don't know where that started) and so we remained content and said, what's a month or 2 more in the scheme of things. So we continued to wait. But the "waiting" has stopped, nobody's waiting anymore. Why?? Because in recent times it became very clear from "messages" passed at all the IP's that there will be no further update/upgrade until after appraisal and we all seem to have accepted the new narrative. But my question is how and when and why did the narrative change so drastically?? Have we been given a clear and satisfactory explanation by FAR during the recent roadshow??All views welcome. Any event here's JujuM "long forgotten post".

    "Got this response from FAR management:

    Thanks for your inquiry.
    Clearly the data release has not come out today.
    We have had no firm guidance on the actual day of release from Cairn Energy at this stage.
    However, while we noted in the quarterly report that we expected the release by the end of the quarter this was in no way an absolute or fixed deadline.
    As we have noted to you and other shareholders who are keen to see the results of the data analysis, the details will be released when they are ready.
    Obviously we hope this is sooner rather than later.
    In the meantime I can only repeat what was in the last quarterly report as copied below.

    “A report including the final well evaluation is expected to be released in the first quarter of 2015”

    “…the joint venture is currently completing well analysis and further evaluation of the geology before finalising a contingent resource estimate for each discovery. The work is ongoing and will be released when completed.

    “The evaluation work program and plans for future exploration on the block are, as a result, not expected to be finalised until late April”

    I apologise for not being able to be more specific.
    Thanks again for your interest."
 
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