When is the market going to take FAR seriously!, page-11

Every now and then I like to go back over the previous 12 months to review proceedings and what a sweet and sour 12 months its been.

12months ago to now:

1: Brent crude was $ US 37 barrel now $ US 52.
2: Our MC was $370 Mil now $366 mil
3:Our share price was 10c ( I was even above water) and falling off a large spike ,now 8.2c and slowly forming a round bottom on the charts with higher lows and a gathering back wind of results.
4: We have 16% more shares on offer
5: Were just finishing Bellatrix and have since drilled SNE 4, 5 and well through V1
6: We raised $ 60mil which has and is being converted to considerable more resources.
7: PE appeared on the radar.
8: Our contingent 2C resources were 468Mmbbls they are now 642Mmmbbls and about to grow.
9: FAR declared it own version of DOC.
10: Rig hire dropped below $ US200,000 per days.
11: Drilling cost in general have dropped considerably.
12: We have aquired two more patches of Elephant grazing land seen in SNE for peanuts.
13: Now in bed with some seriously deep pockets.

So from a storter term holders perspective its been a bad 12 months with the share price dropping, from a long term holders perspective its been an exceptional year of long term value adding plus giving plenty of time to accumulate at the bottom end of the range.

You can't change whats gone before so looking forward is whats left and IMO FAR have put themselves in a very positive space, the mystery backer has been exposed and given the AMI covers new and existing leases, we can resonably expect they will be our farm in partner for DJ and A2/5 providing 3D proves up , also our PE partner should it get to that and quite possibly bcome a cornerstone shareholder themselves..it also opens up avenues of development funding from debt through to supply contracts...

This is not a fast game, its a game of ticking boxes over time and this is being done In spades ,all leading up to booking reserves, FEED , FID then onto production with SNE while checking out other leases at someone else's expense in the meantime...


Well done FAR Management you are a class act, there has been a huge amount of work going on in the backgroud which couldn't be talked about and the next 12 months will likely see the fruits of these endevours start to reflected in the Share price...

Chhers Whisky