FAR 3.09% 47.0¢ far limited

schwing 2, page-7

  1. 2,648 Posts.
    I'm no geo,but as it was explained to me,a Nodossaria is a oil or gas lead which meanders like a river.They are tricky because when you drill into it you dont know if your on the edge of the river or the middle or the opposite bank,and you won't know until you test it.Personally I will not get too exited about the Schwing 2 well.If it flows with good pressure,all well and good,but this is one of the old deals that FAR did when they could not dictate the terms and had to take what they could afford as far as risk/reward is concerned(I think from memory its only %5)Things have changed now,and positive results from any of FARs new suite of prospects will bring a dramatic change to the SP.Dont want to be a wet blanket,but I feel the same way about Stokes Bay.Could be a nice little earner but the new projects are quantum leap.Cheers
 
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