@discodaddy
The shareprice fall is CEO responsible. Cannot make any excuses...although there were pretty major upheavals in the Oil market.
The loss of Sangomar , ...crazy!
No excuses though about that for the CEO.
Looking at this actual drill in November ...
FAR are good at drilling and finding oil.
You know they already drilled Samo-1 and were unsuccessful on that occasion.
So this drill is 3 stacked. Chance of success is more like 30%.
FAR has 50% and is operator. ( FAR had 15% of Sangomar)
JV with Petronas.
Shareprice is sort of underpinned by money they should get from Woodside in 2 years.
That is worth around 72c ????
Drill success here would be worth a lot more than $6.45/share !
sp looking crazy cheap at the moment.
GLA shareholders
$11 Billion reasons, page-8
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $82.32K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 125569 | 6 |
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| Last trade - 15.47pm 21/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |