Not sure if anyone’s had a read of the interview between Aust Small Cap and Cath Norman.
Summary of FAR’s assets & activities...
Two Kenyan blocks – as we know Apache drilling in between FAR’s blocks next month. Anadarko and BG are also planning to drill in Kenya before the end of the year.
Senegal – 3D just finished. Would take at least 2 months to analyse but at the same time hoping to announce a drill partner by end of the year. Also by end of year/early 2013 Africa Petroleum drilling a prospect in the Gambia and their prospect overlaps into FAR’s Senegal.
Guinea-Bissau – There is already an oil field in FAR’s acreage which FAR plans to drill an appraisal well next year. Shallow waters means lower cost (approx $30m as oppose to $100m+ in deeper waters) and looking to go it alone.
CM also hinted FAR has some bids in for other highly competitive acreage / new ground floor opportunities.
Good luck all.
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2 | 70000 | 0.475 |
3 | 84150 | 0.470 |
3 | 160000 | 0.465 |
1 | 30000 | 0.460 |
Price($) | Vol. | No. |
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0.530 | 10000 | 1 |
0.540 | 22471 | 1 |
0.550 | 2285 | 1 |
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