FAR 4.00% 52.0¢ far limited

Ann: FAN South-1 well and SNE-6 TD announcement, page-22

  1. 1,228 Posts.
    Yes Whisky
    Consider this if you are convinced FAR are serious to take this to production.

    Appraisal is over so after connectivity reconfirm DOC and then fast track to first oil, bring home the bacon. ASAP
    Further field prove up is not necessary if they want production, further field appraisal is normally done after first oil when self financing is in place, that is the sensible and most cost effective approach.
    If they are serious in going to production how much bigger than huge have we got to go on the back of further dilution.
    If we plan to be taken out before first oil then the FANs are important so let's continue to increase the size of the pie.
    Do not forget both CNE and WPL are backed by enormous income streams and are not dependent on dilution handouts from greedy institutions.
    They could prolong the risk and bleed us dry this is may only concern at this point in time.
    AIMO
 
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