Regarding a Capital Raise, this makes no sense until positive drill results from the appraisal wells are available so I don't think it will occur prior to drilling. According to my dodgy arithmetic, FAR will need something like A$20m - A$25m to get through the two appraisal wells (55 days each @ US$750K pday) so should have enough change to cover this as well as other operations. FAR have a good track record of capital management and raising money at the right time.
Ann: Quarterly Cashflow Report, page-25
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