FAR

0.00%

50.5¢ far limited

Email response from FAR, page-26

First 26 Last

Share
Profile

Follow
LNC-Link

1,166 Posts.

525

02/11/14

10:18

Post #: 14223249
Share

Originally posted by hardmano ↑

I emailed my thanks to FAR and also asked a question that we have debated here: "Is the oil [predicted at SEN-1] expected to have migrated from the same source as the deep water fan structures (Central Canyon in SEN-1's case) or is it expected to be within the carbonates?" And the response was:

"Yes, the SNE-1 prospect is targeting a stacked play (2 main prospects) and we are relying on the oil and gas migrating from deep in the offshore up on to the shelf to charge these prospects. What is very encouraging is that at FAN-1 we saw a very thick column of oil (500m – not all of it was good quality reservoir, 29m so far) but what this tells us is that the source rocks are very prolific. Because we also saw oil in the upper fan section, it bodes well for our model of the oil migrating up onto the shelf. We will know very soon whether this model is working as we predict!"

Now that was good to hear. Once again they haven't said anything that we didn't already know (500m oil column, 29m pay so far, oil found in the upper fan section as announced in August) but the implications of FAN-1 results for SEN-1 prospectivity has been explained. There are multiple stacked plays (so more than the main 2) and FAN-1 has proven that the source rocks are prolific. The other point of great interest is that FAR indicated that we will know very soon if the model of migration is correct. I am hoping they meant soon in real time not geological time!! I guess we were all thinking they would hit the first target (Albian Sanstones) within a few weeks .. that's soon!

My interpretation is that what I said about SEN-1 the other day is close to the mark... source is proven by FAN-1, there are DHIs at SEN-1, and so reservoir quality and seal are the main risks. If SEN-1 seal is inadequate then as someone else said here that may make the Buried Hills prospects look good as they appear to be well sealed. It does sound like (as FAR has stated) SEN-1 and a number of other prospects have been significantly upgraded by FAN-1.

What do the geos and oil guys like Ya, kkw, and others think of the above?

H

Expand

H........Best news ever!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Your interpretation...my interpretation....FARs interpretation.....whatever????

Its what we were all asking and its from the horses mouth....SNE-1 and the CAP (buried hills) and going full circle.....the massive fan under SNE-1 are all looking better and better and better..

1M thumbs up from me mate..well done!

FAR Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
18 Upvote

0 Great analysis

Reply

Top Stories

Is oil undervalued?

GRX

GreenX picks up prospective copper project in Germany

WGX

Westgold sets its sights on top five producer status through merger with Karora

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

There are more pages in this discussion • 104 more messages in this thread...

First 26 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 50.5¢		Change 0.000(0.00%)		Mkt cap ! $46.66M

Open	High	Low	Value	Volume
51.5¢	51.5¢	50.5¢	$97.33K	190.2K

Buyers (Bids)

No.	Vol.	Price($)
2	26752	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	109917	4

View Market Depth

No.	Vol.	Price($)
2	42668	0.500
2	29755	0.485
4	113930	0.480
2	70000	0.475
2	78150	0.470

Price($)	Vol.	No.
0.520	109917	4
0.525	60000	2
0.530	60000	2
0.535	115000	3
0.540	131187	5

Last trade - 15.45pm 02/08/2024 (20 minute delay)

FAR (ASX) Chart

Email response from FAR, page-26

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Email response from FAR, page-26

Top Stories

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News