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.
Four possibilities IMO. 1.Rig proven incapable of completing job...
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Last
46.0¢ |
Change
-0.010(2.13%) |
Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 46.0¢ | $70.53K | 152.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 161924 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 1519 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |