FAR far limited
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News: FAR Far Ltd Updates On Bambo-1 Well

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    06/12/21
    09:55
    Post #: 58090733

    Dec 6 (Reuters) - FAR Ltd (FAR) :

    • FAR LTD - BAMBO-1 WELL UPDATE
    • FAR LTD - ESTIMATES THAT COST TO COMPLETE WELL WILL INCREASE FROM A TOTAL OF US$51.4M TO US$61.27M
    • FAR LTD - ADDITION OF SIDE-TRACK PROGRAM HAS EXTENDED PERIOD OF OPERATIONS WHICH IS NOW EXPECTED TO BE COMPLETED BY END OF DEC 2021
    • FAR LTD - OIL INDICATIONS HAVE BEEN DETECTED IN ROCK CUTTINGS AND HYDROCARBONS HAVE BEEN INTERPRETED ACROSS SEVERAL INTERVALS IN BAMBO-1 WELL
    • FAR LTD - FORECASTS A CASH BALANCE OF US$37M AFTER COMPLETION OF WELL
    • FAR LTD - PLANNING TO PLUG AND SIDE-TRACK BAMBO-1 WELL TO CONTINUE DRILLING TO PLANNED TOTAL DEPTH

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