FAR 1.02% 49.5¢ far limited

How much longer to wait ?, page-3

  1. 13,427 Posts.
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    Does it really matter Mike , the figures will be what they will be whenever they arrive and then you will be back again waiting impatiently for the next event, in the meantime what really matters is progressing behind the scenes...if you live from event to event be prepared to be frustrated as there is no way of knowing how the shareprice will react or for how long when they do arrive...everything about SNE is production related and that is still 3+ years away...the events in between are just part of that process..

    Judging by CN's last Q & A they are trying to water down expectations on the upcoming RISC report ( with little effect ) with an increase in 1 and 2C but a reduction in 3C , so we need to put 1 bil barrels 2C out of our consideration for a few years and expect a more modest number IMO..any increase is a good one..

    Taking an oilfield from discovery to production is a long process and given FAR are looking at extracting maximum value that's where we are heading, whether it be through SNE, Gambia or a bit of both will depend on the results of Gambia but as of now SNE is our only proven project ... booking reserves will take over much more importance than booking contingent resources going forward ,they are bankable...

    Cheers Whisky
 
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49.5¢
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