FAR 1.01% 50.0¢ far limited

Article in Australian, page-21

  1. 6,650 Posts.

    CN and her team must have a sugar daddy.

    Look at the 2c upgrade , take my thoughts on 3S mega which I am sure CN knows about.

    You telling me that FAR is not able to fund the purchase of the field by

    Either

    1, another major oil company

    Or

    2, private debt funding as per my zero coupon bonds etc

    Just remember they have drilled 5 wells in SNE, found no evidence of the oil leg thining (still 100 m plus) and had great DST flows.

    SNE not a wildcat play

    The field commercail already the only problem is they don't know how massive yet!

    Hence WPL purchase price is too cheap IE if WPL had offered four bucks a barrel then it would have been a done deal.

    At around two bucks WPL been two cute by half.
    Last edited by WhiteNoise: 27/08/16
 
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