Hi Rae, a very good question. As I understand it, we did the survey in return for an OPTION on 75%.
To exercise the option, i.e actually get the 75%, prior to Oct 31 2016 we had to commit to drill by sometime in 2018 (I think).
Now the water gets muddy because it seems the full processed seismic data pack was not available by 31 Oct, (and not sure I've seen that it actually is available yet!) so we couldn't make an educated decision on whether we wanted in or not. I haven't seen anything definitive that we were given an extension, well, not with any date, anyway. I vaguely recall seeing something somewhere that it might have been the later of that date and the final product delivery. However according to the December quarterly we still appear to own the option:
FAR has an option agreement... Processed seismic products have been received during the December quarter and FAR expects to be ready to make a final decision regarding its option once final processed data has been received and interpreted.
So given FAR's constant assertion they are fully disclosed, we should be able to assume this position hasn't changed, unless I've missed an announcement somewhere.
- Forums
- ASX - By Stock
- FAR
- Cath interview
Cath interview, page-71
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
51.0¢ |
Change
0.015(3.03%) |
Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
50.0¢ | 51.0¢ | 50.0¢ | $51.68K | 102.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 187769 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 0.505 |
1 | 62764 | 0.500 |
3 | 169438 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 187769 | 3 |
0.515 | 103300 | 2 |
0.520 | 335196 | 3 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 15.45pm 30/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online