I think most would have an answer to this question already - just that they are trying to avoid it or deflect it, although some have mentioned it several times in an oblique way.
You can call it the "squeeze" or revenge of "darth vader" ......lol.
Hey, they could have started at the top of the list like Sirius and Spica, but they chose to start at the bottom of the list - like VR-1 and now FAN South. Note, Sirius and Spica have prospective resources of over 400M barrels and have nearly 50% (average) chance of success.
Who is in Control now?!?
So a few more "Deeper" Water drills like FAN South (with small chances of success) and before you know it - it will be $34M x 3 ($34M is expected for next quarter).
And a new CR will be upon you in early 2018 (if not earlier).
Congratulations FAR, you have awaken the Sleepy (Angry) Giant.
Ann: Quarterly Activities & Cashflow Reports, page-11
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3338 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 199900 | 2 |
View Market Depth
| Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |