FAR 2.91% 50.0¢ far limited

Excitement wells at FAR’s ‘huge potential upside’, says CEO Cath Norman, page-10

  1. 13,604 Posts.
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    “The first appraisal well is going to be drilled in to a low risk position and it is going to be flow tested. We fully expect that to be great news. And there is nothing like raising funds on the back of a great flow test.’’

    Cheers Ksingh that will do me, it doesn't preclude a small raising pre drill but it does tell us that they expect to do the bulk of it, if not the lot , post appraisal of the first well at least....bring it on..

    Now if feeling vulnrable because of a lowball offer worries you then relax because it will have to be above any price punters have paid for their stock .

    The risk of a T/O is lost potential not lost investment, which for me would be very disappointing, however the first priority in investing is capital preservation.. The only risk from here on in with regards to shareprice is drilling IMO not a T/O and they are both on the low side.

    As Cath mentioned nobody will be interested untill they know what we have ..enjoy this very rare event not many gets a chance to ride on the back of an Elephant while surrounded by others..

    Cheers Whisky
 
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