@discodaddy
The shareprice fall is CEO responsible. Cannot make any excuses...although there were pretty major upheavals in the Oil market.
The loss of Sangomar , ...crazy!
No excuses though about that for the CEO.
Looking at this actual drill in November ...
FAR are good at drilling and finding oil.
You know they already drilled Samo-1 and were unsuccessful on that occasion.
So this drill is 3 stacked. Chance of success is more like 30%.
FAR has 50% and is operator. ( FAR had 15% of Sangomar)
JV with Petronas.
Shareprice is sort of underpinned by money they should get from Woodside in 2 years.
That is worth around 72c ????
Drill success here would be worth a lot more than $6.45/share !
sp looking crazy cheap at the moment.
GLA shareholders
$11 Billion reasons, page-8
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Last
51.5¢ |
Change
0.025(5.10%) |
Mkt cap ! $47.59M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 52.5¢ | 48.0¢ | $164.4K | 328.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28930 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 9744 | 1 |
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| Last trade - 15.55pm 27/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |