No crystal ball.
What's happening is that the JV is appraising a very well known discovery and drilling a new prospect with a modest (not commercial on standalone basis) P50 of 168mmbo.
If the JV can prove up much more than 670mmbo then you will get a rising share price. But that's a less than 10% chance.
SNE is known. Make no mistake. So there is unlikely to be a pre spud spike.
FAN is a basket case. So forget it.
Many think that COP will buy FAR to gain control. But COP have 35% and taking over FAR wont give them 50.1%. CNE and Petrosen can still vote against COP.........In any case, COP already have operatorship lined up.
Cheers
Ann: FAR Secures Option on New Block Offshore Senegal, page-60
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Last
49.5¢ |
Change
-0.010(1.98%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 49.5¢ | $26.98K | 54.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20223 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 611 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |