10 million cash.....and then some.

Apart from a lazy 10 million in the bank, FAR looks set to explode off its current price of 5c.
One of the oil and gas experts from Hartleys just sent me his report and I have taken some excerpts from it FYI.

"By the end of this calendar year, FAR should have between $15-$20m in cash."

"Once the CSEM survey is complete (starts late Apr and expected to be finished mid May), Shell has 90 days to decide to excercise its option to farmin and drill."
"We believe there is a better than 50% chance.. [of this happening].. and that such a decision would lead to a share price of 15-20cps. On the back of this, we would expect the share price to trade above 8cps prior to the announcement in mid August."

I believe the next week will see one of the last opportunities to get in at these prices. A roadshow is imminent and the steady flow of news from then on will see 5c as a distant memory.



DYOR, and yes, we already know Hartley's did the recent cap raising. Don't bother with the obvious posts about biased annalysts. Thanks.