Sorry Simon, it has nothing to do with the current VR1 hole....

Sorry Simon, it has nothing to do with the current VR1 hole. This hole was almost free carry owing to the efficiency gained from SNE-5;

"Due to the efficiencies achieved on SNE-5 well and projected improved drilling performance, FAR estimates that the inclusion of the VR-1 well into the drilling program will have a minimal incremental funding impact for FAR (estimated at approximately A$2-3 million). FAR reported a closing cash position at 31 December 2016 of $47 million. FAR is comfortably able to fund this revised well program of 3 wells."

A CR was always going to happen, it is a publicly listed company which has no income - spending at a reasonable rate.

This cash is for the new purchased leases & further drilling on the current & new leases.

Once again (and more so from the past week) - FAR is one of the best stocks on the market - full stop.

Only upside from here - IMO / DYOR.

Cheers