Here is Malcys comments after the Samo drill
Far Ltd
Far has announced that the Samo-1 well in The Gambia was unsuccessful with the main target horizons being water-bearing. Whilst this is a surprise and a massive disappointment to the company, data retrieved was very interesting. Oil shows were encountered at several levels and indicate an access to a hydrocarbon charge system. In addition the well also encountered excellent reservoir and seal facies indicating that all the key components for a successful trap are present.
Far should not lose hope here, this well de-risks a portfolio of prospects and leads in blocks A2 and A5 which should unlock the hydrocarbon potential in the area. The result was not what the company expected and as this was the first offshore well here for 40 years I think that the results will be looked at long and hard before anyone throws in the towel, certainly not Far.
- Forums
- ASX - By Stock
- FAR
- Financing
Financing, page-4
-
- There are more pages in this discussion • 142 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
(20min delay)
|
|||||
Last
50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.0¢ | 50.0¢ | 49.0¢ | $16.03K | 32.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3905 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 25043 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3905 | 0.500 |
2 | 7000 | 0.495 |
1 | 1372 | 0.490 |
1 | 42046 | 0.485 |
1 | 5000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 25043 | 4 |
0.510 | 150895 | 3 |
0.520 | 226786 | 4 |
0.550 | 77285 | 3 |
0.555 | 10000 | 1 |
Last trade - 14.31pm 03/10/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |