FAR Pre-Trade 12th October - morning glory.

Ladies and Gent's,

Happy Monday. A short edition this morning.
In terms of overnight trading from Friday;
We have CNE up 2.65%, with Brent staying in the $52 - $53 USD range, COP down 0.3%;

A stack of detail around FAR here to any newcomers including broker reports; https://www.dropbox.com/sh/jlogupctmqwlga5/AABNyTnm7Z7KPcQuhE8oBd--a?dl=0
be sure to have a look at the new CNE analyst report if you missed it, the first I have seen to include the blue sky estimates around upcoming drills and also a stack of dialogue around the programme;

An exert follows, remember this is in USD, and with CNE having 40%, our 13.7% is roughly one third of the Net Risked Value, very exciting though;



CNE up 2.65%



COP down 0.3%

  

Brent staying in the $52-$53 Range



Depth wise
Very few shares for sale below the 10 cent mark, of which I am predicting we will exceed by the end of this week for a variety of reasons, FAR is obviously stepping up its promotion of the programme - http://hotcopper.com.au/threads/senegal-drilling-video.2611683/?get_post=true#.Vhq7WROqqko if you missed it. The Middle East sadly seems to be escalating which will drive up Oil prices. Oil shorts according to Malcy are decreasing with Oil traders scrambling to cover their positions. FOMO will kick in around our upcoming drilling programme.

To illustrate the difference in pre-trade from Friday morning to today, I have included the previous day below.





Today's fun google fact;
Where do you find Chinese gooseberries?
The prominent produce company Turners and Growers announced that it would from now on export Chinese gooseberries under the name 'kiwifruit'. Introduced to this country in 1904, kiwifruit are now cultivated worldwide, with New Zealand-grown fruit marketed as 'Zespri'.


What's next;
A bit of a theme around things not going to plan in the thread of late and I am a little disappointed to hear that the good ship Athena has been delayed as it is held up with challenges around kit being cleared in  customs - apparently things don't get processed too quickly there and we are now looking to move around the 17th -19th of October.

The drill will take 10 weeks, after which we should have some news (pre XMAS)...
I expect there to be a great deal of promotion and news-flow over the next few months. To anyone doubting the promotion, think about the amount of time and energy that would have gone into the Video released by FAR, this is but an entree of things to come IMHO. The Video btw has now hit 1,200 views already.

Significant upside, News post appraisal - pre Xmas, Oil recovering, the holy dollar.

GLTAH, DYOR
Don't let the capper take your shares...

2015 - revealing the prize;
Courtesy - http://www.far.com.au/wp-content/uploads/2015/09/20150902-FAR-Good-Oil-presentation.pdf (Page 21);