Hi All,
Just back from the AGM
Quite interesting and exciting times ahead.
Major Highlights
-- All 3 resolutions passed (they had already passed by Proxy votes anyway lol)
-- Drilling @ FAN-1 currently progressing spot on as planned and last nights data showed we are currently @ just under 2,000m and they are expecting to lay the final casing in the next 3 days (which will take another 2-3 days)..... then we will commence what we have all been waiting for and drilling to TD of ~5400m
-- Cairn have reported to FTSE that they are operating a "tight hole" under FTSE regulations .... however FAR are under ASX guidelines and will report to ASX as soon as anything of significance comes to light.
-- Further to the above - Cath mentioned that they are checking the "logs nightly" ... so they have regular information as it comes in...
-- L6/L8 farmout has had about 30 different companies sign CA's to get access to the Data and the first round of talks is due to commence next week.... <---Watch this space--->
Pretty much everything discussed above is in the ASX announcement released this morning - so I suggest everybody give it a good read.
Next week is potentially going to be a massive week for us and the stock price! :)
Holding tight and considering buying more!
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