FAR

1.02%

49.5¢ far limited

Bell Potter valuation $0.27, page-4

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Mr.Hustler

5,718 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 49.5¢		Change 0.005(1.02%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
49.0¢	49.5¢	49.0¢	$4.017K	8.162K

Buyers (Bids)

No.	Vol.	Price($)
1	19637	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	19637	0.490
2	30000	0.485
4	89930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.505	10000	1
0.510	129688	3
0.515	2239	1
0.520	79910	2
0.525	30000	1

Last trade - 13.40pm 26/07/2024 (20 minute delay)

FAR (ASX) Chart

Bell Potter valuation $0.27, page-4

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

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Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Buyers (Bids)

Sellers (Offers)

Featured News

Bell Potter valuation $0.27, page-4

Top Stories

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News