FAR

0.00%

50.5¢ far limited

COP analysts presentation, page-2

First 2 Last

Share
Profile

Follow
hardmano

16,267 Posts.

398

12/04/15

11:51

Post #: 15071917
Share

Originally posted by hardmano ↑

Not a lot on Senegal. Here's the relevant bits:

"Moving now to West Africa, last year, we started a four-well exploration program in Angola to test a pre-salt play that was analogous to the Brazilian pre-salt play. Unfortunately, the first well was a dry hole. We are drilling a second well now and we will complete this four-well program in 2015. Now on the other hand, we had a significant success with our exploration drilling last year in Senegal. In fact, we drilled two wells and had two significant discoveries that really open up this basin in the deepwater of Senegal.

The first discovery was the FAN well and it discovered high-quality oil in a Cretaceous stratigraphic trap with about 95 feet of net pay. The second discovery was SNE and it's a different type of Cretaceous play. It's a mixture of a stratigraphic and structural trap. It discovered 120 feet of net oil-bearing sandstone, high-quality oil as well.

So you can see on the map here that we have about 1.8 million acres in this license and we're looking forward to getting back out and testing it this year. In fact, we will be back out there in the fourth quarter with an extensive exploration and appraisal program in Senegal. Now we have 35% equity in this license and we have the option to take over operatorship when this moves to development."

They are sounding keen and keep mentioning operatorship.

H

Expand

And they say "when this moves to development". Not if, but WHEN!!

H

FAR Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
15 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

There are more pages in this discussion • 39 more messages in this thread...

First 2 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 50.5¢		Change 0.000(0.00%)		Mkt cap ! $46.66M

Open	High	Low	Value	Volume
50.5¢	50.5¢	50.5¢	$14.48K	28.69K

Buyers (Bids)

No.	Vol.	Price($)
2	5356	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	59999	2

View Market Depth

No.	Vol.	Price($)
2	30878	0.500
1	30000	0.495
2	28930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.525	69690	1
0.530	30000	1
0.535	30000	1
0.540	52471	2
0.550	82295	3

Last trade - 15.44pm 12/07/2024 (20 minute delay)

FAR (ASX) Chart

COP analysts presentation, page-2

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Immutep reports strong response rate from immunotherapies treating carcinomas

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

COP analysts presentation, page-2

Top Stories

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Immutep reports strong response rate from immunotherapies treating carcinomas

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News