There are a couple of 'not so good news' topics I can expand on from the Q&A that haven't been covered much here.
Petrosen %18 option
Cath said that Petrosen was highly likely to take up their extra 8 percent if they can find a way to finance the development/production costs that begin with FID in the exploitation phase starting Feb 2019. Petrosen has been looking to the World Bank and other sources for funding. It would leave FAR with %13.8.
Djiffere
Trace were due to enter into the next phase of the PSC in October 2016 but have not yet done so, possibly because it entailed coming up with a $15 million performance bond. FAR believes their farm in option with Trace still exists, if Trace still has the block.
Processing and interpretation of the seismic from the much shallower waters of the Djiffere block has been trickier than that of the deeper SNE [I have no idea why, anyone?]. FAR are still deciding if its a block they want.
There are a couple of 'not so good news' topics I can expand on...
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 |