Company news - FAR Ltd
FAR has been very busy this week. We reported a few days ago upon its latest exploration success and since then the company has announced what appears to be a very good value farm-in deal to some acreage neighbouring its successful Senegal asset. Today FAR has announced a West African alliance with Chinese NOC, CNOOC.
This news should be reverberating inside Woodside Petroleum's (WPL) HQ in Perth. CNOOC could readily provide the firepower, operating skills and political connections to facilitate FAR taking action over pre-empting the sale of by Conoco to WPL of its stake in FAR's Senegal asset.
Game on! Your move, Mr Bond, er, Mr Coleman.
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46.0¢ |
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Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
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