FAR 0.00% 50.5¢ far limited

The SAMO dilemma, page-9

  1. 16,309 Posts.
    lightbulb Created with Sketch. 3845
    Kkw it would appear that FAR are putting their money where their mouth is if they don't raise prior to drilling, spell very big confidence to me and I'm happy for them to let it ride.
    If there is no oil in Samo the sp will be hit no doubt but from a higher level hopefully.
    FAR has so much going on atm, jv DOC in a few days booking 2P reserves, month away from Samo, IMO the booking of 2P is very material. Takes 33 million barrels and doubles their value at least.
    I simply don't believe FAR have the people to keep all these balls in the air at once.
    SNE development, operating Samo and possible evaluation, Soloo + and evaluation, GB probably around same time as Soloo, not to mention arbitration........I just can't see them being able to do this with current staff. At the agm it was mentioned how little time Ben was home....I doubt CN any different. They don't seem to be in a rush to replace Ben.......
    IMO something will have to go whether it's the whole shooting match or bits time will tell but I really want FAR to get $$ flowing in rather than out because all the above requires massive amounts of coin.DB
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.