The oil price is about half when they had their discoveries.
Re the commentary regarding Tullow's discovery in Guinea, FAR's SNE discovery on the shelf is in an environment where the reservoirs are more continuous and predictable.
Still holding to my view that a CR will not occur until during or after appraisal.
FAR is in tricky territory at present where share price appreciation from success will be limited by the capital required to be raised for appraisal drilling. I am sure that the FAR folks are aware of this and so I don't think that they will do a CR in the current weakness and will wait until after the first appraisal at least, which should be low risk.
The oil price is about half when they had their discoveries. Re...
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49.5¢ |
Change
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Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
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| No. | Vol. | Price($) |
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| 1 | 19637 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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