Regarding the so called Declaration of Commerciality, this seems to have an elevated status which I think is misunderstood and unwarranted.
In the normal oil field investment process closest milestone except perhaps the end of Concept Selection and going into FEED, which is 2018 according to the Cairn presentation. This involves a decision to spending money on FEED (Front End Engineering and Design) rather than a decision to construct the project.
That decision the Final Investment Decision (FID), which follows extensive engineering (reservoir, well construction, facilities, project execution etc.) and commercial (marketing, financing) work that defines a Field Development Plan. The FID for this project will be around 2018/19 (post FEED) going by slide 22 of the Cairn presentation pack.
So I am a little concerned that those who are looking for a "Declaration of Commerciality" and a big hoopla are chasing a bit of a phantom.
- Forums
- ASX - By Stock
- FAR
- Beltrix Is pivital
Beltrix Is pivital, page-17
-
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 50.0¢ | $27.94K | 55.89K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 34746 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 94070 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34746 | 0.500 |
2 | 38702 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
4 | 260000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 94070 | 2 |
0.510 | 201000 | 3 |
0.515 | 123300 | 3 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
Last trade - 10.21am 26/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online