FAR had to give up a fair amount of acreage under Michael Evans which I think FAR has just got back into some of it with the new block alas only some of which they were required to relinquish under the rule explore it or lose it.
I recall some hotcopper poster saying the last ditch effort by then MD Michael Evans was such that FAR kept the best bits in Senegal they were going to lose under a partial relinquishment.
Funnily and I do Laugh out Loud Michael Evans is Chairman of 888 Energy the rebirthed Tangiers Petroleum which lost their shirt in Morrocco another Atlantic Margin preference of CNE.
With the new block FAR farmed into means they must be in favour with Sengalese Government as "delivering outcomes (ie drilling by big Gorillas) " otherwise Minister would not have approved the Farm-in.
All good just give it a couple of years holding period and buy (whatever you want to tax defer) on any weaknesses
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50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5993 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 5982 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 5993 | 0.500 |
2 | 28930 | 0.480 |
2 | 70000 | 0.475 |
3 | 84150 | 0.470 |
3 | 160000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 50000 | 1 |
0.530 | 10000 | 1 |
0.535 | 20000 | 1 |
0.540 | 22471 | 1 |
0.550 | 82295 | 3 |
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