Beltrix Is pivital, page-16

Well, Well, Well

Another sell down, was it another Pump and Dump

How many company changing events have we had

1. Two oil discoveries
2. Farjoy becoming a major shareholder
3. Entering ASX300
4. CNE CMD
5. 3D starting over block
6. Drilling of SNE2
7. Results of SNE2
8. Champagne and Canapés evening at FAR's offices
9. Drilling SNE3
10. Results SNE3
11. Drilling Bel1
12. Last nights presso in Melborne to declare DOC

All these events have been used to ramp up excitement in FAR and traders use the hype that we the HC users create to trade in and out of FAR quite successfully.

Next lets look at the dates we expected big things happening to the SP

1. Christmas 2014 after discoveries
2. March 2015 (not sure why Aqua)
3. Entering the ASX300: let the superfunds in
4. May 2015 CNE Capital Market day
5. October 2015 : Start drilling
6. March 2016 presso due to DOC
7. June 2016 finish drilling 3 wells and we should get 3D updates

I have mentioned Aqua above and believe me I think he is on the money but I just think his timing is a little out. FAR and the JV have great potential but they have a long way to go. We are just 2 wells into a possible 6 well program and until they have all the right boxes ticked, potential is all we have. I am a positive person and will not be selling any FAR shares anytime soon because I believe in this potential but once you put a date on a rerating event there are two possibilities firstly your right and everyone is happy or as above it does not happen and we see the SP jump up and down all over the place. I think FAR will be around for at least 2-3 years if it is taken over the JV will take as long as it takes to do the job the all their shareholders have employed them to do, which is make us as much money as possible!

So traders will be looking at the next event to trade FAR which will be news of Bel1 early April 2016, long termers like me just sit back smiling watching the SNE field growing hoping that everything will line up in our favour

Patience, Patience and more Patience

IMHO

Zip