FAR 4.00% 52.0¢ far limited

A lot of catalysts near term

  1. 16,264 Posts.
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    So much news coming up ... the JV meeting outcomes on field size, development plans and costings. FAR's numbers on the same and the RISC upgrade. The Gambia farm-out which seems to be close (and their drilling plans). This of course could include some financing outcomes such as cost reimbursement as well as free-carry on drilling (which gives the lerase a value to FAR). Perhaps some news on further exploration plans ... I liked Jon Keall's statement that work would start on further appraisal on the Fans shortly. And I wonder whether the JV meetings will consider the data on the Fans from the recent drilling and lead to a statement on commerciality (more likely at a later point).

    I topped up at 7.1 yesterday to be set for all this news. Seems to be little downside at present and quite a few catalysts for a rerate.

    H
 
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