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43.5¢ far limited

Transaction is deemed approval, affirmed by arrete ministeriel....

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szaba_the_hut

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18/09/17

02:09

Post #: 27277836
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Originally posted by Davy Boy ↑

A week or so later FAR were still claiming it required gov. approval??
If WPL knew all their ducks were lined up there is no way IMO they would " make sure FAR knew ". They would just let FAR walk in to the bear trap.
This is a massive assumption that FAR are not in constant contact with the gov.
I just don't buy that. 8 months after the deal settles they come out with a price sensitive announcement saying they are " participating ".
What had they been doing for the 8 months prior?
Why, if everything is all set are they not operator?
Why the change in language....." development lead " ?
How could FAR possibly block WPL from being operator if they can vote on it?
CNE/WPL have 75%?
Clearly they can't or they would have by now. That begs the question why?
The only reason I can come up with is they don't have gov approval. DB

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Transaction is deemed approval, affirmed by arrete ministeriel. The Operator option is in the development and production phase, the JV will need Government approval to get the new PSC for development and production phase via DOC as per oil code. The language is unchanged.

FAR Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 43.5¢		Change -0.005(1.14%)		Mkt cap ! $40.19M

Open	High	Low	Value	Volume
44.0¢	44.0¢	43.5¢	$27.99K	64.22K

Buyers (Bids)

No.	Vol.	Price($)
1	169999	43.5¢

Sellers (Offers)

Price($)	Vol.	No.
44.0¢	76840	3

View Market Depth

No.	Vol.	Price($)
1	169999	0.435
2	198608	0.430
1	50000	0.425
2	79261	0.420
2	58724	0.415

Price($)	Vol.	No.
0.440	76840	3
0.445	25000	2
0.450	85387	5
0.460	1260	1
0.475	25383	1

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 43.5¢			Change -0.005 ( 1.14 %)
Open	High		Low	Volume
43.5¢	44.0¢		43.5¢	96350
Last updated 14.16pm 02/05/2024 ?

FAR (ASX) Chart