OOO et al
Regarding the prospectivity of A2 and where FAR should be going (just focussing on SNE or selling down as discussed) ... my thoughts are that the current drill at SNE North (Sirius) is VERY important in this equation. FAR for some time have been "claiming" Sirius as part of SNE and their interpretation of the seismic and correlations with drilling data is saying that the 400 series sands extend to Sirius and further north to Spica. Of course they are also saying that these 400 series sands continue south into A2 and in fact thicken. Success at SNE North may well give them greater confidence (they are already confident) in their interpretations of the prospectivity that they have identified in A2.
So some important results coming fairly soon ... which might be "pivotal" for FAR's future direction.
H
Perfect storm? Or just a storm?, page-38
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Mkt cap ! $46.20M | |||
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