From the report on SNE-5 this morning;
"Due to the efficiencies achieved on SNE-5 well and projected improved drilling performance, FAR estimates that the inclusion of the VR-1 well into the drilling program will have a minimal incremental funding impact for FAR (estimated at approximately A$2-3 million). FAR reported a closing cash position at 31 December 2016 of $47 million. FAR is comfortably able to fund this revised well program of 3 wells."
So we are getting VR-1 for a very cheap price - with (hopefully) further gains over the coming wells.
Very pleased with this progress - although the SP is disappointing, but this is becoming the norm!
No down side here - NONE.
Good buying at this price.
Cheers
Drilling Efficiency
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| 50.5¢ | 10000 | 1 |
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