All, just a quick observation. It would appear that whilst the drilling reports where in the main good, the Virosity issues left the door open for downward pressure as it may result in the area being deemed un commercial if the required flow rates can not be achieved due to the thickness of the oil. This along with the first dry hole will have spooked a lot of punters to take early profits. If the next well is succesful and the field declared commercial the JV partners should move. The stock should come back with the lead up to muggles scheduled to spud on the 20th.
I hold FAR
Ronnie
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1 | 38794 | 0.475 |
Price($) | Vol. | No. |
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0.520 | 415246 | 10 |
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