FAR 0.00% 51.0¢ far limited

guesstimates of far's sp when first well spuds, page-41

  1. 5,015 Posts.
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    As they say, opinions are like bums, we've all got one. I'll respect yours just as you respect mine. We've both got valid reasoning, just different.

    Did you mean PCL, not CPL?

    These days not even farm outs seem to to push the SP.

    Look at what happened when we got the Senegal farmouts, and they were pretty much from left field, so I doubt they would have been priced in.

    PCL Namibian farm out also did little for the SP.

    WHN farmed out their Victorian acreage, seismic is already done, they have til Jan 31 to ink a deal on their Seychelles acreage. Their SP is plumbing all time depths also.

    Looks like only the drill bit talks these days.

    Senegal will be my sixth drill with direct exposure. Still waiting to get a gusher.

    PCL - Mbawa (non commercial gas discovery)
    OXX - Palta (no commercial hydrocarbons)
    OXX - Winchester (possibly commercial gas)
    OXX - Matuku (ongoing)
    PCL - Sunbird (ongoing)
    FAR - Senegal (upcoming)

    Anyway, in summary, I can't see any catalyst to get it above 5c before the drill, except maybe a good result at Sunbird if they finish early.
 
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