Rolla
Probably a fair call that it will be hard for FAR to farmdown only 20% for a free carry. Then again there are now significant sunk costs attached to the leases from the Samo drill which has provided data to better define the next target and other prospects in the leases which makes the leases more "valuable". And additional seismic has been done and new prospects defined using the Samo data. Data is what attracts farminees and we now have lots more than when it was a total wildcat area. And that data includes all the information on the Sangomar oilfield which will be highly releveant to drilling Sooloo. And FAR was previously not cashed up or heading towards being a producer with cash flow ... our bargaining position was not great. My recollection is we farmed down 40% of our 80% for a wildcat. I'm saying all the above might allow us to do better this time. Half would be 25% so I'm just saying a bit better than that at 30%.
H
RollaProbably a fair call that it will be hard for FAR to...
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Last
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 44.0¢ | $15.21K | 34.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15869 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 1208 | 1 |
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| Last trade - 15.58pm 16/05/2024 (20 minute delay) ? |
| FAR (ASX) Chart |