To believe there is no interest in either Cairn or ConocoPhillips snapping up the 15% interest in this project is a little naive?
They know where this is currently heading, they will have a good understanding of the potential value? They will also understand the value of the other prospects (Kenya et al) - why wouldn't they look at this as a serious purchase opportunity?
They would see this as a very, very cheap opportunity to gain full control (or majority control) of the prospect - the best thing is we have 2 potential suiters?
So - why wouldn't there be a take over I say - interested to hear thoughts against?
IMO / DYOR
Cheers
32 Cents - Bell Potter Broker Report Summary, page-52
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 314682 | 3 |
View Market Depth
| Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |