That is so true.
In the 21st century, when you pick a fight with "Goliath", you are going to end up in the ICU, fighting for your survival. That is where FAR is, at the moment.
When you are a junior partner in a JV, you need to build bridges with the Operator, not burn them.
As an example of the benefits of being able to build bridges: in another O&G company I invested in, our company struck a deal with our Operator to cover most of the costs of our offshore drill (PS2); we only had to outlay $5M and the rest (payment) was deferred until our field starts producing. This saved our company around AUD $10M. How good was that?
That's the benefit of being on good terms with a "Goliath".
Ann: Quarterly Activities and Cashflow, page-115
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52.0¢ |
Change
0.015(2.97%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.0¢ | 50.5¢ | $17.38K | 33.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 96060 | 2 |
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