Agree that the CR is to do with the drilling cost overruns....
I worked out at the time of the Rig Maintenance that Far would have a little over $7million in the bank...once the $12million is paid for the farmin and over $24plus undisclosed overruns wash through...
that $8million raised for Kenya is committed already...and Gone down the drill hole..
Far better to top up whilst U have a discovery and at higher price...
just normal small cap oily behavour...
5to 10years qouted to get to production....Far needs lots of cash...
Kenya is expected to start a drilling program in 2015 ....
this means that both Far and Pcl must bring in substancial amounts of cash......
dyor
Ann: Trading Halt, page-61
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |