FAR

0.00%

52.0¢ far limited

Funny enough, I was debating with a friend earlier today whether...

First 90 Last

Share
Profile

Follow
Mr.Hustler

5,749 Posts.

1130

08/02/16

17:15

Post #: 16969347
Share

Originally posted by pj ↑

Re: "FAR would have had to run this announcement past the JV... interesting that agreement was attained to release it. It suggests (to me) the JV just think the info is outdated now - and they probably simply don't care if it is released??"

Interesting point Dodds, and always appreciate your posts, but personally not so sure the RISC report would have been run past the JV, certainly not in the context of the current appraisal program "tight hole" policy. From what they have stated, the report appears independently commissioned by FAR and based on data provided by FAR (rather than the JV) before the current appraisal program began, quote:

"FAR Ltd (ASX:FAR) commissioned RISC Operations Pty Ltd (“RISC”) to prepare an Independent Resources Report for FAR’s SNE oil field offshore Senegal. The report was prepared as at December 2015 incorporating recent data available from wells SNE-1 and FAN-1 and reprocessed 3D seismic ....

RISC reviewed and modified a probabilistic resource evaluation carried out by FAR in accordance with industry standard SPE-PRMS definitions....

RISC’s Independent Resource Report notes that the SNE field contingent resource estimates presented in its report have not been updated to reflect the results of the SNE-2 appraisal well or any other changes since December 2015, and that new data may materially impact these contingent resource estimates.

The SNE discovery is at a very early stage of appraisal and will require significant further drilling, testing and studies before any commercial development scheme could be defined"

You may be correct, but the announcement is certainly not phrased in "Joint Venture authorised terms" - to me it sounds more like they are going out on a limb of their own here and unless Cairn announce otherwise tonight I don't think we should assume that the release has the JV's implicit approval?

pj

Expand

Funny enough, I was debating with a friend earlier today whether Cath will get hit with a "please explain" when she gets to her meeting in Scotland.

it feels like FAR have gone alone as normally CNE reports first.

FAR Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

There are more pages in this discussion • 25 more messages in this thread...

First 90 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 52.0¢		Change 0.000(0.00%)		Mkt cap ! $48.05M

Open	High	Low	Value	Volume
52.0¢	52.5¢	51.5¢	$289.9K	557.5K

Buyers (Bids)

No.	Vol.	Price($)
1	1960	51.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	103276	2

View Market Depth

No.	Vol.	Price($)
1	5000	0.510
1	2495	0.495
1	47000	0.485
2	92553	0.470
1	3000	0.445

Price($)	Vol.	No.
0.520	103276	2
0.525	19005	2
0.530	101005	2
0.550	27285	2
0.555	10000	1

Last trade - 16.10pm 11/10/2024 (20 minute delay)

FAR (ASX) Chart

Funny enough, I was debating with a friend earlier today whether...

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Cauldron Energy reports "excellent" uranium assays in latest drill run

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Funny enough, I was debating with a friend earlier today whether...

Top Stories

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Cauldron Energy reports "excellent" uranium assays in latest drill run

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News