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1.06% 47.5¢ far limited

RE: "Recent SNE appraisal wells have extended field to north and...

  1. pj
    2,090 Posts.
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    16/03/16
    10:28
    Post #: 17285936
    RE: "Recent SNE appraisal wells have extended field to north and south, now covering >350km2"

    Thanks for that, this is an important acknowledgement by Cairn and indicates that they support FAR's current seismic interpretation. I note also that it is included under "exploration" potential and therefore, as I pointed out previously, to be meaningful, requires a P50 a "potential resource" risking in the usual way. When this is available I will add it to the spreadsheet alongside the other exploration prospects - or I could use a guesstimate based on the already published pre-SNE2 RISC analysis which I presume, being based on the latest seismic has already taken this into account.

    pj
    Last edited by pj: 16/03/16
    FAR Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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