From the Oct 1 - Dec 31/2010 Quarterly report:
"The PSC terms currently specify the requirement to drill a well within 2 years of entering the renewal period backed by a surety of US$5 million that is forfeitable in the event of non performance. FAR's renewal request is for a term of 3 years."
"FAR would seek recovery of the US$5m surety in any farmout."
5m upfront or after non performance?
imagine, page-5
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 48.5¢ | $100.7K | 203.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89898 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2239 | 1 |
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| Last trade - 15.47pm 29/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |