FAR 1.05% 48.0¢ far limited

Ann: Trading Halt, page-96

  1. 16,271 Posts.
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    Jems

    Absolutely correct FAR have said fully funded for the currently approved drilling program including VR-1, SNE6 + 1 exploration well. We always knew funds would be needed and many have been surprised that they haven't done a ER sooner. Just hope there is a "good" twist to the ER along the lines of kkw's first 3 scenarios.

    Curious timing nevertheless being 10 days into deepening VR-1!!??? They must have been lining it up for a while so they have deliberately chosen this timing. Pricing will be interesting given how VR-1 has already provided a large boost to the 1C and all the other news lately. And then there is CNOOC???

    No matter what it turns out to be it will be good to get it out of the way and let the good news move the share price highre without an ER hanging over it.

    H
 
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