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Whisky, I don't think anyone here is privy to any special info...

  1. kkw
    7,153 Posts.
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    Whisky,

    I don't think anyone here is privy to any special info and we are all applying educated guesses, mind you those of you that's experienced in the industry would have a very distinct advantage. But nonetheless, we are all guessing about outcomes. Mind you some of the HC posters should really be working to assist the FAR board. YA in charge of technical publications, OOO publicity, Aqua sales; and the rest of us, well we're just in the back ground as cheerers.

    Well here are my guesses for Tuesday's preso and Bell's outcomes.

    I posted before re the chosen date. It's more than a coincidence that it's in line with the CNE update.
    We have already been told that there will be individual RISC updates for EACH of the wells SNE2 and 3. Well SNE3 is now completed. DATA from SNE3 might need to be analysed still, but I think SNE2 certainly should now be able to help with the SNE2 RISC report. So what can we expect on Tuesday?
    Most likely another upgrade on top of the last 40+% upgrade using SNE2 data, a possible announcement of DOC and change of operatorship (probable), unlikely to be a CR and (possible) a left field event of finance.

    FAR has already hinted that COP and FAR are of the opinion that SNE is already over the line. I guess Tuesday is CNE's opportunity for a statement. Maybe COP and FAR are really doing the right thing in respecting that the Operator should be the one that's announcing such news, so they can have a smooth transition to the COP being operator. Right now, CNE could do with some positive news in their update!

    CN would not miss an opportunity to emphasize publicity. I'ts FAR's and her's reputation on the line; so I think it'll not be something trivial. CN is keen for share holders to attend and told Aqua as much.

    Column 1 Column 2 Column 3 Column 4
    0        
    1 These are all the events related to SNE  
    2    
    3 15/03/2016 Presentation at O and M conference
    4 9/03/2016 6:23:51 PM   Senegal Drilling Update - Successful SNE-3 flow test results (PDF)
    5 9/03/2016 9:12:43 AM   Trading Halt (PDF)
    6 8/02/2016 9:09:13 AM   Investor Presentation (PDF)
    7 8/02/2016 9:07:40 AM   SNE oil field contigent resources upgraded (PDF)
    8 19/01/2016 8:56:41 AM   Senegal Drilling Update - SNE-3 starts drilling (PDF)
    9 4/01/2016 6:38:59 PM   Senegal SNE-2 delivers a successful appraisal well (PDF)
    10 4/01/2016 9:05:03 AM   Trading Halt (PDF)
    11 10/12/2015 8:40:06 AM   Shareholder update - Senegal Project (PDF)
    12 27/11/2015 9:56:49 AM   Shareholder update (PDF)
    13 5/11/2015 9:02:25 AM   SNE2 First appraisal well starts drilling offshore Senegal (PDF)

    I think the table lists all the planets that are lining up for Tuesday night.

    As for Bell, CNE gives 80+%, FAR just under 50%. I question if the difference is technical or political.
    Really is there that much between 50% and 80% when the norm for the industry is 10%.
    SNE2 and 3 results surely would gone some distance to enhancing those figures?

    With regards to DJ and if anyone will be prepared to pay handsomely, consider this, If SNE is over the line, we are talking about the province being derisked. Drilling next to a production well of Saudi Arabia is hardly an exploration game, it's more like an extension.

    Keep 30% for free carry of all wells and take us to production in SNE. You can say (to COP or CNE) take it or leave it when the DOC is out and SHELL, CNOOC is knocking at the door! That's a good dream, and I guess you can be a bit cheeky when (at least I think) our investment risk is really behind us.

    JIMHO

    KKW
 
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