FAR 0.00% 49.5¢ far limited

How big is 3S mega field?, page-89

  1. 13,416 Posts.
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    Why is It that some seem to think that CN can magically go out and make the shareprice rise even though there is nothing that she can report of any significance untill its ready to report . As has been mentioned time and time again we have no income, no reserves, as yet no DOC and an impending resource upgrade...all management can do at the moment is what they are doing, travel the world with various JV meetings , making presentations, visiting money men and continuing any talks they are having on any number of subjects relating to FAR's future which won't be heard about untill they achieve a result....

    Currently our MC is approx a quarter of the newly merged Beach petroleum/ Drill search, which is a profitable producing Company and expect to produce around 9MmBoe this year which is considerably more than we are likely to produce with a full 15% in 4 to 5 years time and with the expenditure ahead of us .

    Its hard to make direct comparisons as there are many variables but are we rediculously undervalued....I don't think so but eventually will be....

    The expectations on HC, which is largely a traders platform, often seem to exceed what can realistically achieved in the timeframe expected...the result is frustration and rants it appears....there is little time for emotion in Oil stocks for the timelines will have men in white jackets visiting...

    Cheers Whisky
 
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49.5¢
Change
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Mkt cap ! $45.74M
Open High Low Value Volume
50.0¢ 50.5¢ 49.5¢ $16.90K 34.12K

Buyers (Bids)

No. Vol. Price($)
2 17623 49.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 129688 3
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