deng closes up ..., page-2

Nice little move on Dengs part - given the market trend.

Did you get a chance to read the Annual Report which arrived this week on FAR?

You have to admit, they've been around for 20 years and it's only really now that they have developed the strategies to ensure continued growth of the company whilst limiting the number of shares on issue (around 200m). Pretty much self funded these days whilst mindful of shareholder value and feedback. Well worth the read if you can get a copy.

You have to wonder where they will be in 2007. Loved their sections on forward plans, reserve summary and ethical corporate governance. Something you just don't see much of in this day and age. Quick summary...

-Stokes Bay - July/August 2005
-Trefoil/Yolla - 2007
-China offshore - 2007
-USA - Bay Courant - first sales in April 2005
-Expansion of Lake Long with forward sales to Columbia gas and Amoco
-Welder Ranch - 2005
-Rainosek - new project - 21.57% interest
-Eagles project - FAR 15% interest
-South Grosse Tete - drilling in second quarter of 2005 - 3 year program
-Clear Ranch Field - FAR exercised its right to participate with Cabot Oil & Gas Corp
-further opportunities as they arise...

Quite an impressive little junior we have here! Like to find another junior with as much nowse and passion...
Cheers
SB