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
- Forums
- ASX - By Stock
- Drilling Efficiency
From the report on SNE-5 this morning; "Due to the efficiencies...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $41.17K | 82.42K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25846 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 96249 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25846 | 0.500 |
3 | 47702 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
4 | 260000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 96249 | 5 |
0.510 | 200000 | 2 |
0.515 | 120000 | 2 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
Last trade - 15.21pm 23/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online