FAR 3.30% 47.0¢ far limited

Ann: Trading Halt, page-59

  1. 1,637 Posts.
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    Four possibilities IMO.
    1.Rig proven incapable of completing job and told to go home, which would be a major announcement.

    2. They recommenced drilling and have had a positive result which happened before FAR had a chance to announce the recommencement.

    3. An additional well to be drilled. Perhaps the buried Hills prospect.

    4. The report re testing was correct and they have a find.

    More likely to be bad news than good IMO as a simple increase in maintenance time wouldn't require a trading halt. Only a gut feeling. We might need to wait longer for a result. I'm holding until they complete their Senegal campaign. Good luck to all. Especially the long termers.
 
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