FAR 0.99% 51.0¢ far limited

Ann: Samo-1 well unsuccessful, page-94

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  1. 762 Posts.
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    "And by the way, the announcement doesn't say there is nothing down there. It just says we probably didn't poke it in the right place."

    Absolutely right @dangar... FAR's Gambian dreams are not over by a long shot. They now have modern subsurface data to accurately assess the shelf-edge play and I wouldn't bet against FARTRONAS hitting the sweet spot a second time around. Importantly, they know that an active charge system and excellent quality reservoirs/traps exist so their collective heads buried in the data for the next 6 months should deliver another highly anticipated drilling campaign to coincide with the ICC decision, SNE FID the GB drill. So a 6-8 month dry spell is looking likely, but dare I say that X'mas 2019 looks just as promising as X'mas 2018 did before today. There's certainly a lot to look forward to if you can run the distance.

    While today was disappointing for FAR, The Gambians and shareholders alike, every cloud has a silver lining. In this case, it was the opportunity to load up. I admit to taking advantage of the ailing SP to perform a 'reverse Whisky' (don't worry - it only sounds dirty!), i.e. having only invested 80% of my free capital previously, I lobbed in the remaining 20% today. I would have bumped it by up a further 25% of the total, but Mrs. GH was FAR too quick and threw it at a lakeside farm in NE Victoria. So FAR's the least of my concerns - the only thing keeping me up at night is whether this diehard city slicker is destined for a life on the prairie!

    Worse still... I'd become a Victorian! HELP! (please wake up, please wake up...)

    gh.
 
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