Before Fan-1 success most seemed to think that a major farmout agreement in Kenya would have little impact on the share price. Now that Cairn and COP have farmed into Senegal and had success this might change. These guys might now be encouraged to joing FAR in Kenya. Or given BG's success at Sunbird in their offshore Kenyan block they too may be interested.
Another thing worth noting is that SEN-1 won't take that long to drill given its in shallower water and around 1,000m has already been drilled earlier this year. That leaves only around 1,350m to TD.
H
Kenyan Farm out and also SEN-1 drilling
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49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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