FAR 0.00% 49.5¢ far limited

RBC Capital Markets on FAR, page-29

  1. 6,650 Posts.
    Unfortunately the FAR board have told shareholders that they need to do this interference testing before saying the field is commercial.

    I would retract that statement.

    They said that before the last 4 wells which blew there understanding of the maximum size of the field out of the water.

    The field size is yet totally undefined to the upside except to the West. So belay that testing.

    They need to define the limits of the field IE Sirus, Soleil and low the dip is to the E.

    Hopefully the core taken is orientationed core and the sedimentologist can define how the sandstone reservoir was layed down, what type of sandstone it is and by exposed analog what the extent of such a sandstone reservoir is or maybe get be.

    My view the reservoir is a massive flow/dump and can cover many sq km.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
49.5¢
Change
0.000(0.00%)
Mkt cap ! $45.74M
Open High Low Value Volume
50.0¢ 50.0¢ 49.5¢ $40.39K 81.09K

Buyers (Bids)

No. Vol. Price($)
1 36593 49.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 129688 3
View Market Depth
Last trade - 15.44pm 18/07/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.