Good afternnon all,
I missed out on buying in (except for a small parcel) just before the last big rise and then the collapse. Maybe now it's time to buy seeing it's back at the 5c region.
Here is my conspiracy theory.
What if this scenario is what FAR secretly wanted all along? For SHELL to provide a CSEM analysis that shows oil. but not enough to be of interest to a big major, but good enough for a mid cap.
Shell walks, FAR got the 3 million $, get the CSEM result, retains 90% of the interest and farm out 50% to another smaller oiler for a free ride. If successful, FAR has 45% of a smaller field instead of (if it been SHELL) 10% of a big field.
How good is that. Stranger things have happened before.
Question for me is shall I test my theory? What do you think REDAL?
KKW
conspiracy theory
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |