"A decision on whether FAR takes the option and drills should of course be based on whether the 3D has any quality prospects, which may or may not be the case. As a FAR shareholder I wouldn't want them to spend $?m on a drill if there are better prospects elsewhere."
Totally agree riskup, there are two things that need to be decided on DJ, one is Govt approval and providing the work commitments are meet and it seems they have, thats very likely and two is what the 3D shows up and whether FAR think it's good enough to attract a JV partner and I consider the odds very high for that to happen as well, it has extensive 2D already over a large prospect and the area has now been considerably derisked by SNE but certainly no guarantee....SNE is still the real focus as it should be ..an Elephant in hand is worth two in the jungle..
Cheers Whisky
FAR Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
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