The current Strachan Report, compiled by respected analyst Peter Strachan ,speaks in glowing terms of offshore Kenya. He states 'the Pancontinental Mbawa prospect estimated at a modest 800 mmbbl would be worth $1.00 per share to Pancontinental and over $1.70 to Origin'. He states 'betting on FAR at 4.2 cents, which has an interest in neighbouring blocks, could offer less downside risk with commensurate speculative upside in the event of success by Pancontinental'. He says the 3250 metre deep Mbawa well in 860 metres off Kenya, is ONE OF THE MARQUEE WELLS TO BE DRILLED ANYWHERE IN THE PLANET THIS YEAR....nothing new as such but a fairly decent 'nearology' summation. With all our prospects gathering momentum, FAR's shareprice is going to be hard to hold back on any favourable news.....Tim.
FAR Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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