Australia's largest stock trading and investment forum Australia's #1 stock forum

FAR

Click for more information

5.38%

49.0¢ far limited

Sorry line 3 of last para should say US$50 oil pj

First 60 Last

Share
Profile

Follow
pj

2,090 Posts.

27/02/16

11:11

Post #: 17132349
Share

Originally posted by pj ↑

Re: "Agree that CNE's news releases during this campaign have been very light on detail. But they gave us FULL detail in the CMD of their plans and expectations. At some point and maybe that's not far away I expect we will get another CMD style expose of just what has been found."

Yes H, and with any revision of reserve/resource volumes, given the changed oil market since last May and the sensitivity of their analyses to those volumes and any altered costings, an update on their project economics would also be helpful to the market (and also from the personal point of view, my tables, which as I stated with the last release, were, for current oil values and costings so far away from the original Cairn references I was using as to become little more than educated guesswork).

For example, there was an indication in the last two FAR presentations that Cairns "NPV at FID" of US$10/bl at US$70 oil for a 330mb field could, by a 30% reduction in Capex be maintained for US$70 oil. Given that Cairn's original estimate for US$70 already included a 20% cost reduction I have been struggling with that a bit and it would be nice to see that clarified or confirmed.

pj

Expand

Sorry line 3 of last para should say US$50 oil
pj

FAR Price at posting: 8.7¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

OJC

SPC to merge with Original Juice Co and Nature One Dairy

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

There are more pages in this discussion • 24 more messages in this thread...

First 60 Last

Add FAR (ASX) to my watchlist

(20min delay)
Last 49.0¢		Change 0.025(5.38%)		Mkt cap ! $45.28M

Open	High	Low	Value	Volume
47.0¢	49.0¢	47.0¢	$7.096K	14.82K

Buyers (Bids)

No.	Vol.	Price($)
2	50146	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	17921	2

View Market Depth

No.	Vol.	Price($)
1	42046	0.485
1	5000	0.480
1	10000	0.475
2	24999	0.470
1	50000	0.465

Price($)	Vol.	No.
0.490	3728	1
0.500	10000	1
0.505	25000	1
0.510	100895	2
0.520	226786	4

Last trade - 15.58pm 02/10/2024 (20 minute delay)

FAR (ASX) Chart