As much as I would LOVE to see THAT ann that we have all been waiting for, I cannot ignore what was in FAR's last presentation
COMPELLING CASE to enter next Licence phase.
(Interpret. Commands him to strongly consider (he really has NO CHOICE.)
��
Provide more certainty to potential farminees.
(Interpret "potential farminees are giving him a hard time and are NOT CERTAIN that Licence will be granted, extra year would give more certainty)
��
��Provide additional time to procure a drilling partner.
(Interpret He has NOT got a drilling partner and needs MORE TIME)
��An adjacent deepwater well in Q12011, if successful ,would upgrade FARs Licences; stimulate exploration activity and provide more certainty on drilling costs.
(Interpret. Let's wait for Q12011 to drill and HOPE they find something. All we have to lose is $5million, but, IF Q12011 IS successful, would GUARANTEE a J/V at SIGNIFICANTLY more beneficial terms for FAR. COMPELLING!!!)
��
We have been trying to read ME's mind for years, but, I think that the above words are telling us what is foremost in his mind.
COMPELLING CASE TO PAY $5million and wait for Q12011.
the suspense, page-5
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 48.5¢ | $100.5K | 203.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90297 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2422 | 2 |
View Market Depth
| Last trade - 12.36pm 29/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |