FAR 1.02% 49.5¢ far limited

News: FAR Woodside would consider increasing stake in Senegal oil field - CEO, page-11

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3829
    Couple of interesting bits:

    - The sale question was asked by Peter from Bell Potter. Whether it happens or not remains 2b seen in due course.

    - 3 of the JV partners have voted to the PSC extns on the wk'end, 1 party hasn't. That partner has to vote till 14th Dec.

    - More interesting bit is about the 3Dseis underway. This is being conducted on a Denser grid & hopes to help in resolving the Upper Reservoir dilemma (more like sand & well orientation).

    - When it comes to Ph-2 & 3, the 23 wells planned for ph-1 will target production from the Lower sands & will also intersect the 400 series across the field. So the production data in conjunction with WL Logs & 3Dseis will help in derisking some of the unknowns with regards to the continuity & connectivity of the sands across the field.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.