FAR 1.02% 49.5¢ far limited

The Next CVN, page-65

  1. 2,265 Posts.
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    Its a bit like resources and reserve numbers depends on who reported them and what assumptions they used, SPE is like JORC it can mean anything to anyone - what answer do you want!.

    Totally agree with the comment "when the drill bit turns" we will have some, not all, of the answers. So whilst Samo may, or may not, be described a a seperate reservoir with its own charateristics the fact FAR appear to be developing a good understanding of the regional play all bodes well.

    Lets not forget its exploration but my guess is those with a technical background and thoses without appear confident it will deliver as anticipated.

    The question is will FAR SP rise and fall as per CVN or follow its own path taking account of the overall Companies profile - time will tell. Its not that critical for me as looking more towards first oil but it will be nice to have the next big thing seond in the queue.
 
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