Any delay on L6 caused by the merge with Flow has been beneficial to PCL / FAR . Any terms with potential JV partners would’ve been flipped upside down with the 50 trillion cubic feet gas find in the Rovuma Basin and the huge offers for Cove. TCG pointed out L8 and drill dates. IMO PCL and FAR would secure a farm in partner for L6 before a drill bit been put in the ground for L8. Therefore driving the SP again. Could be wrong and L6 without 3D , however for these two juniors to grab a Tullow as PCL have done with L8 would be too tempting.
FAR also has L9 and a 30% stake with Ophir next door to L8.
As for West Africa , African Petroleum committed to drill Alhamdulilah which over laps our Senegal leases and FAR have obtained a free carry of 10%. Many posters presume AP are going to want a slice of Senegal before any drilling starts on Alhamdulilah.
BL get in with FAR again and PCL , I’ve grabbed a few of the later Friday on the dip. Exciting times for both stocks.
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46.5¢ |
Change
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Mkt cap ! $42.97M |
Open | High | Low | Value | Volume |
45.5¢ | 47.0¢ | 45.5¢ | $116.3K | 247.8K |
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No. | Vol. | Price($) |
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1 | 22574 | 46.5¢ |
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Price($) | Vol. | No. |
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48.0¢ | 10000 | 1 |
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No. | Vol. | Price($) |
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1 | 22574 | 0.465 |
2 | 13100 | 0.455 |
1 | 1822 | 0.450 |
1 | 50000 | 0.425 |
1 | 33894 | 0.410 |
Price($) | Vol. | No. |
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0.480 | 10000 | 1 |
0.485 | 10000 | 1 |
0.490 | 30000 | 1 |
0.495 | 50000 | 1 |
0.500 | 110000 | 2 |
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