FAR 3.92% 49.0¢ far limited

Cairn AGM CEO's statement, page-37

  1. 36 Posts.
    Hell,... I am a Chess Master and former British Rapidplay Chess Champion. When I bought Far a few years back I had hope & belief that I may return a capital gain on the back of the significant oil discovery ,now I realise that there's more chance of winning the lottery ! But I still hold Far on the slight off chance that I might just break even at 9.5cents.

    Mr Hustler, I have already built up a considerable position in the UK's most undervalued E&P, Rockhopper Exploration,...when you check out what they actually have,it's almost unbelievable that they have a current market value of only ÂŁ96million,of which, over half is in cash and they have No debt and production to cover operating costs.

    Malcy says there is 'No upper limit' on the Rockhopper share price, it was over ÂŁ5.00 a share when it first discovered oil and now it's 21p after the oil crash and Premier Oil's debt issues,(which are to be resolved at the end of this month),So Rockhopper at ÂŁ96 million mkt cap,with 40% of a 500 million barrel oil field called Sea Lion and a ÂŁ750 million free carry on it, and 64% of another 500million oil field called Isobel,seems almost unreal??? but it's all true, check it out for yourselves.
 
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50.5¢ 50.5¢ 49.0¢ $210.8K 423.0K

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