FAR 1.03% 49.0¢ far limited

FAR Ltd's Cath Norman livening up oil sector with Senegal discoveries, page-15

  1. 774 Posts.
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    So let me see if I understand what's been happening recently

    We started drilling Bel1
    CN was on the ORA recently
    FAR management gets live data feed from ORA
    CN paid $616k to convert option to shares ahead of time
    CN does another positive interview and compares FAR to Oil Search
    Article states 5 from 5 successful wells where Bel1 is the 5th well

    So based on the above are we expecting good news or bad in the next week or so, I'm guessing maybe good news so the SP will drop to low 9's only because the SP seems to do the opposite to what you think as there is no way we should be anywhere near 10c with the success we have had so far after four wells

    Just have to wait and see as I guess that we will not have any drilling news until about 10/04. In regards to news release I assume it's up to CNE to release the news so FAR would not be in breach of disclosure rules as they might unofficial know the result but can not release until they have been informed by the operator, CNE is a different matter

    We have seen examples where CNE have not release any information to the market where FAR has. CNE seem to do as they please

    IMHO

    Zip
 
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