Hi all
As expected I didn't get all the answers but RISC report will be out within 2-3 weeks,
please check FAR's another response to my query.
Cheers
>>>>>>>
Hi Ian
Just have a couple of quick questions:
1. What's the time frame for Woodside to execute the proposed deal with Conoco (90 or 60 or 30 days)?
2. FAR has a strong balance sheet to cover current drilling program, but are there additional support
mechanisms in place to consider pre-emptive rights on Conoco's stake or for the pursuit of other prospects?
3. Will this Woodside-Conoco deal process delay FAR's planned release of RISC report or DOC?
It would be really appreciated if you could provide feedback.
Thanks
Roy
>>>>>>
Hello Roy,
I am not sure what terms Woodside and ConocoPhillips have struck on their deal.
We only have what is in the public domain which I am sure you have as well.
In relation to your other questions FAR is actively reviewing the Woodside proposal to determine the best outcome for FAR shareholders.
Obviously we cannot divulge anything unless we first advise the ASX.
The RISC report is expected within the next two or three weeks as we have stated.
The final timing is in the hands of RISC not with FAR.
Thanks for your support
Kind Regards
Ian Howarth
Managing director
Collins Street Media
0407 822 319
>>>>>
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