FAR has acquired these assets via the takeover of Flow Energy. The past year has seen a period of increased activity in Kenya, with Total acquiring a 40% stake in 5 offshore
exploration Blocks in the Lamu Basin and Ophir Energy plc announcing a takeover bid for Dominion Petroleum, operator of Block L-9. This increased activity follows unprecedented
drilling success by Anadarko, BG and more recently ENI off the relatively unexplored EastAfrican margin in Mozambique and Tanzania. The Apache Energy led JV will be drilling the
first well offshore Kenya following this wave of successes in mid 2012. The well will be drilled in Block-L8 between the FAR Block-L6 and Block-L9.
Fingers crossed. Could this be the reason for recent spike in sp?
kenyan assets
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50.5¢ |
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Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50657 | 49.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 111698 | 2 |
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| FAR (ASX) Chart |