Potential Bambo Well's Objective Values estimated on Sangomar's Sale Price, page-50

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outsideguy58

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03/12/21

18:59

Post #: 58062842
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Originally posted by mad hare: ↑

When you look at the Samo announcement below I would have thought that if the movement of the support vessel that was discussed was related to the completion of the well then FAR have had sufficient time to update the market of the results

But, perhaps close of play monday may be a better time to judge where we are.

The Samo-1 well offshore The Gambia has been drilled to a total depth of 3240m and wireline logging is nearing completion. The well operations to date have been conducted safely, efficiently, ahead of schedule and within budget. Interpretation of the wireline logs so far indicates that the main target horizons are water-bearing. Oil shows were encountered at several levels indicating that the area has access to an active hydrocarbon charge system. The well also encountered excellent reservoir and seal facies, indicating that all the key components for a successful trap are present. As the first offshore well in forty years and the first modern well, the data that has been collected at Samo-1 and the ongoing interpretation will be critical to unlocking the hydrocarbon potential in the area. The well will be plugged and abandoned, consistent with the plan for this exploration well.

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Officially another 10 days to go. Market trading next week will be my barometer.

FAR Price at posting: 72.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 49.5¢		Change 0.000(0.00%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
48.5¢	49.5¢	48.5¢	$100.7K	203.5K

Buyers (Bids)

No.	Vol.	Price($)
1	89898	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	2239	1

View Market Depth

No.	Vol.	Price($)
1	89898	0.495
2	29755	0.485
4	89930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.500	2239	1
0.505	10000	1
0.510	129688	3
0.520	79910	2
0.525	30000	1

Last trade - 15.47pm 29/07/2024 (20 minute delay)

FAR (ASX) Chart

Potential Bambo Well's Objective Values estimated on Sangomar's Sale Price, page-50

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Potential Bambo Well's Objective Values estimated on Sangomar's Sale Price, page-50

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