FAR 2.91% 50.0¢ far limited

Ann: FAN South-1 well and SNE-6 TD announcement, page-43

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  1. 1,228 Posts.
    Chandler
    Depending on connectivity the reality is we could have 20+ wells (producers and injectors) so it would be better to get an early start on that little lot ASAP rather than mess around now with one well.
    My guestimate our cost is approx $30 mil ++ for FAN south it's deep, I think FAN 1 was close to twice that anyone remember ?
    Last time the forum touched on FAR's cost to production a rough guesstimate was approx double the present market value anyone care to challenge that ? That's chicken feed for FAR so no need to worry then, the instos have plenty of spare cash to splash around at the right SP. By the way hope FAN south has a bigger effect on the share price than FAN 1, so let's all just dream on and ride into the sunset on the back of cloud nine.
    The AGM is coming up unfortunately I cannot be there but someone needs to plug in to reality and ask some very pointed questions before we are all diluted into oblivion.
    Rant over !
 
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