FAR 0.00% 51.0¢ far limited

Ann: Trading Halt, page-29

  1. sle
    10,793 Posts.
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    I hope some people realise the following:

    "The FAN well is a pure exploration well and, even if successful, will not be completed as a commercial production well. In the event of success, the Joint Venture may decide to conduct further drilling and evaluation activities."

    They also have to pay around 24 million dollars out of their cash reserves due to the suspension of the drill (according to their quarterly).

    Although if successful there is still a way to go and yes if all goes to plan it would be true to say my comments will pale into insignificance given the potential returns!
 
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