FAR 1.16% 42.5¢ far limited

FAR to Date

  1. 3,304 Posts.
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    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8
    0
    DATE

    Comments

    CRs, JV, asset sales A$
    Total Cash A$m
    Shares Issued m
    SP c
    MKt CAP A$m

    1 2012 March
    CR 280m @4.3c
    15m

    2,499
    4.3
    107

    2 2012 June Qrtly


    33.6




    3 2012 Sept Qrtly


    24.5




    4 2012 8th Oct
    Asset Sale Carnarvon
    ??





    5 2012 Dec Qrtly


    17.35




    6 2013 March 19th
    Senegal Farm out -Cairns






    7 2013 March Qrtly
    So Zero Hour for Senegal

    14.76
    2,499
    4.3
    107

    8 2013 June Qrtly
    Senegal bond return
    5m
    18.6




    9 2013 Aug 1st
    Senegal COP farm in






    10 2013 Aug 8th
    Senegal US$4.8m Rec Cairns 1st of 2 payments
    ~ 5.33m?





    11 2013 Sept Qrtly
    Additional $$ received to make up $8.11m for Qrtr
    2.77m?
    25.7




    12 2013 Dec qrtly


    23.55




    13 2014 Feb 11th
    Senegal 2nd US$5m rec Cairns JV partner
    ~ 5.3m?
    29.6




    14 2014 March Qrtly
    Additional $$ recieved to make $7.3m for Qrtr
    2.0m??
    27.15




    15 2014 April 17th
    Senegal Drill Commences






    16 2014 June 2nd
    CR 200m @ 4.0c
    8m

    2,699



    17 2014 June 30th
    Est cost overrun to FAR of $24.2m for FAN-1






    18 2014 July 28th
    Senegal Resume drilling






    19 2014 June Qrtly
    JV cost received 9.57m???
    9.57m?
    42.7
    2,699



    20 2014 Oct 7th
    FAN-1 Sig Oil Disc.






    21 2014 Oct 20th
    CR 425m @ 11.0c
    46.8m

    3,126



    22 2014 Nov 10th
    SNE-1 Sig oil Disc.






    23 2014 Dec Qrtly


    67.22
    3,126



    24 2015 March Qrtly


    52.53




    25 2015 June Qrtly


    43.57




    26 2015 Sept Qrtly


    38.92




    27 2015 Oct 23rd
    CR ~500m @ 8.0c – Place & Entitlement
    40m

    3,693



    28 2015 Dec Qrtly


    60.67
    3,693



    29 2016 March Qrtly


    31.68




    30 2016 April 15th
    CR 706m @ 8.5c
    60m

    4,413



    31 2016 June Qrtly


    66.27
    4,461



    32 2016 Sept Qrtly


    50.51




    33 2016 Dec Qrtly


    46.98

    7.5
    334

    34 2017 March Qrtly


    35.3




    35 2017 April 6th
    CR 1,000m @ 8.0c
    80m

    5,461
    8.7
    475

    36 2017 June Qrtly


    91.3
    5,461
    7.6
    415

    37 2017 Sept 22nd



    5,461
    6.8
    371

    38 2017 Sept Qrtly
    ESTIMATE $28m outlay

    63.0
    5,461



    39 TOTAL CRs & Shares
    Since March 2013 – assume all on Senegal
    234.8m

    2,692




    Well good day Farites - and while doodling i decided to collate the financials and certain significant dates to see just where FAR is in the scheme of things since i bought more on the close on friday and 6.8c - thoughts were i need to see if what has been spent and what has been found makes sense at 6.8c

    so March 2013 seemsto be the zero hr for FAR in terms of Senegal - it had $14m in the bank and 2.5billion shares on issue

    Fan-1 nearly stuffed them, and when u consider the numbers and were to say the actual discovery cost for SNE alone would be so low given FAN1 and 2 soaked up a shit lode of the total 234.8m raised to date.

    take away the last qrtly estimate of $$ out the door - hopefully the last related costs to drilling and then also look that they still have $61m in bank - so in reality FAR have spent approx $170m to define the SNE resource - but as mentioned above far less if you were to count out the costs of the FAN drilling - but u cannot at this stage until you better define the resources to 2C status.

    It certainly shows that only the 200m shareholders of the 4.3c CR in June 2014 are ahead and ALL the other takers at 11c, 8,5c and 8c are well under water - AND we have discovered a significant asset.

    my at this juncture a whole lot of people are wondering what will it take to get some sort of return on FAR just like many of us on HC

    hope the figures are of use to some to play with while we await the sparkling return to form of the sp!!!
 
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