FAR

2.00%

49.0¢ far limited

Bell Potter valuation $0.27, page-4

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Mr.Hustler

5,749 Posts.

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28/02/17

08:03

Post #: 22955675
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Originally posted by madmadmad ↑

From Peter Arden's full report see below. Before GO and Cujo wake up let me just whisper in your ear that Peter's valuation is NOT contingent on winning PE and does include a significant CR over the next 12 months. MMM

Woodside yet to acquire its stake in JV but SNE drilling proves JV is working well
Woodside Petroleum (WPL) announced the acquisition of the 35% stake in the offshore Senegal JV from ConocoPhillips in July 2016 but subsequent statements by all parties have referred to the existence of co-venture pre-emption rights attaching to that 35% stake. It is our understanding that these pre-emption rights have not been settled and, therefore, that WPL has still not formally acquired an interest in the JV. We can understand FAR’s desire to increase its interest in what is arguably still by far the best oil discovery in the world for several years, which is why we understand FAR is continuing to explore the potential to optimise its interest in the JV and it is likely to be seeing considerable interest from a potentially wide range of major oil companies seeking assist FAR with its ambitions as they too are likely to be wanting to gain exposure to such a major and high quality new oil province. Notwithstanding the continuing delay in the JV formalising the sale of the ConocoPhillips’ interest in the JV, we understand the JV is continuing to work effectively as evidenced by the progress with the current drilling program. We would expect that the
Page 3
FAR Limited (FAR)
27 February 2017
results of the current drilling program could influence settlement of the pre-emption matter and that it will be settled soon after the results of the current two well program are known.

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Thanks MMM, this seems to confirm what a number of us have been speculating I.e. That PE will be finalised after SNE6. Bring it on!

FAR Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 49.0¢		Change -0.010(2.00%)		Mkt cap ! $45.28M

Open	High	Low	Value	Volume
48.5¢	52.0¢	48.5¢	$101.9K	200.6K

Buyers (Bids)

No.	Vol.	Price($)
2	48741	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	1786	1

View Market Depth

No.	Vol.	Price($)
1	41741	0.485
1	5000	0.480
1	10000	0.475
2	65000	0.470
1	50000	0.465

Price($)	Vol.	No.
0.495	1786	1
0.500	15000	1
0.510	25000	1
0.520	226386	4
0.530	1005	1

Last trade - 15.59pm 04/10/2024 (20 minute delay)

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Bell Potter valuation $0.27, page-4

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

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Bell Potter valuation $0.27, page-4

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Buxton projects new graphite province discovery at WA Narryer play

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News