Risking admitting high treason, I hold both 88E and FAR. The Alaskan North Slope where 88E are currently drilling and where COP are or are nearby producing has shale rock with potential for conventional oil traps both above and below the formation. By exploiting both (conventional & unconventional), unconventional costs can be lowered. Also its onshore, near infrastructure and the Alaskan Government are currently offering very generous incentives which means 88E can afford more than one crack without giving up to much interest.
Both 88E and FAR have drilling happening ATM. If both are successful my money would be on COP going for 88E at least in the short term.
That being said I have more invested and more confidence in FAR ATM. That may change in the coming 6 months or so.
DYOR IMO etc
Risking admitting high treason, I hold both 88E and FAR. The...
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
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| Last trade - 15.08pm 28/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |