I am not sure how many oil discoveries for sale there are around the world that are close to production, are only going for say $50million and just so happen to be looking for a minnow equity partner that won't bring anything else to the table.
Plenty of oil companies are making a bonza of cash at the moment and would be able to outbid/outcompete with FAR.
You are dreaming if you think FAR should do effectively what Karoon did.
The difference being Karoon had a lot more cash and bought at the trough - not the peak.
Ann: Executive Change, page-56
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Last
51.5¢ |
Change
0.005(0.98%) |
Mkt cap ! $47.59M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.5¢ | 49.5¢ | $18.78K | 37.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17090 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 103865 | 1 |
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| Last trade - 15.57pm 09/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |