manlai1 you could be close.
FAR might be getting ready for the possibility that the second renewal period is not allowed and they will look to give a firm well commitment to secure the lease for another year. I remember MEO was forced to do this prior to the Petrobras farm-in. To ensure they did not breach their obligations, they raised the cash and gave a firm well commitment, while waiting for the Petrobras deal to be finalized.
FAR could well be in a similar boat and just preparing themselves for a similar situation, should it arise.
Safety first. Better to dilute the company than to lose what is deemed to be the prized asset.
500 million, page-28
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $44.35M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 48.0¢ | $75.16K | 156.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 68600 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 50000 | 1 |
View Market Depth
| Last trade - 11.48am 30/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |