We project returns of >100% on positive drilling outcomes."
As I previously mentioned in this post:
http://hotcopper.com.au/threads/from-aquam.2476425/
Cath stated (in an email) that we would most likely see more Broker Reports after Wilsons... and here they come. Attached is one from RBC. I personally like the Q&A in it, but read the whole thing. Looks like things are starting to pickup.
Excerpt:
March 16, 2015
FAR Limited
Initiation: A West African story and the hard work has been done...there is oil
Our view: A transformational story based on oil discoveries, so the risk profile is changing. An exploration story where the 'E' is becoming smaller and a 'P' (production) opportunity is emerging...subject to success. We project returns of >100% on positive drilling outcomes.
GLTA!
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