They r purchasing an FPSO instead of leasing one. This is news. Happened on 25th Oct as per the slideshow.
This has happened at Jubilee in Ghana & Peregrino (brazil) when the respective Operator's bought the FPSO after year-1 of production.
Which is why total Capex has gone up to USD3700+500=4200mil, including contingencies. FAR's net share is 574mil.
Slide# 8. 9 & 16 are well laid out explaining this scenario.
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Modec provided the FPSO's for Jubilee & TEN in Ghana and were awarded the contract for SNE.
https://www.modec.com/news/2019/20190225_pr_woodsidesne_en.html
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Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $35.11M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 38.0¢ | $13.60K | 34.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5217 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 41028 | 4 |
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| FAR (ASX) Chart |