Big companies are still drilling wildcats in Namibia.
Another point to consider is that 1 bbo is 10 days world supply. The new oilfields are comparatively small and are very likely supply only locally.
And Africa is a growing Continent and has to compete with the likes of China and India..
With FAR it appears that they had the wrong bedfellows and nobody wants to touch them.
Imagine a company so successful at finding partners and oil can be strangulated like this, it is terrible. Contrary to posts on HC, it is not all managements fault.
But we are where we are and it will take a lot to change sentiments.
Ann: Lukoil Proposal Not Proceeding, page-113
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Last
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.0¢ | 45.0¢ | $82.52K | 182.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 44529 | 5 |
View Market Depth
| Last trade - 15.59pm 22/05/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
0.015 ( 1.11 %) |
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| Open | High | Low | Volume | ||
| 45.5¢ | 45.5¢ | 45.0¢ | 19222 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| FAR (ASX) Chart |