They are not giving much away as its a tight hole, if it was a dry hole they would have abandoned it. Oil indications and hydrocarbons is positive (they don't want give too much away as its a tight well). They say they are undertaking wireline logging which is positive. Drilling cost is up a which is negative, irrelevant if they have found oil. Fluid losses a negative but have been overcome. Likely to continue till end of December, if there was no oil they would of abandoned it, not pay millions to continue for another 2-3 weeks . Cath does say "FAR is well placed to achieve these objectives......encouraged by the presence of oil in potential reservoirs and looks forward to completing the well". Sounds to me and its only my opinion WE HAVE STRUCK OIL!!!
Ann: Bambo-1 well drilling commences offshore The Gambia, page-175
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Last
45.5¢ |
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0.005(1.11%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 44.5¢ | $33.45K | 74.19K |
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| 3 | 178685 | 45.0¢ |
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| Price($) | Vol. | No. |
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| 45.5¢ | 52953 | 2 |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
0.005 ( 1.11 %) |
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| Open | High | Low | Volume | ||
| 45.0¢ | 45.5¢ | 45.0¢ | 12557 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| FAR (ASX) Chart |