Stop the negativity! what more do people want? what did you expect them to do? run out of money?
We're drilling a 4th well for free but after that we don't have much capital left to fund anything further.
We have the possibility of another 3-4 wells to be drilled on our current blocks, there is the DF block which FAR made reference to the other day - they might be negotiating free carry (or similar) on a few wells in the DF and god knows what else.
The POO is going up. We're finding oil, oil and more oil. What do you expect them to do? let the company go bankrupt?
We're in a great position. Unfortunately, we need money to fund it. This will probably be the final CR prior to DOC which will then allow FAR to borrow money rather than dilute the stock.
Get some perspective.
Ele.
Ann: Trading Halt-FAR.AX, page-22
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |