Drilling programme SNE -5, VR-1, SNE-6, FAN-Sth and SNE North.
SNE -5 spud around 23 rd Jan. SNE -North finished around 7 th August.....approx 182 days.
FAR's 17% paying share at 850k per day =32.9 mill. AU.
End of June FAR had 91.3 mill- 32.9 mill = 58.4 mill left over after paying for drilling 5 wells two of which were drilled to 5000m+ another had a interference test and another had DST.
I think 3 wells next year....WPL only have 1 booked, 3 x 25 days x 850k= ~ $13.5 million to FAR. These wells will most likely be much cheaper than this because of the water depth and rig type required but I have used the higher Stenna number.
58.4 - 13.5= 44.9 million left.
I think its safe to say that we have a fair safety margin for the next 12 months. DB
January 2016 Brent V FAR, page-8
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.5¢ |
Change
0.010(2.11%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 48.5¢ | 47.0¢ | $24.68K | 51.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7400 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 75039 | 4 |
View Market Depth
| Last trade - 15.42pm 25/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |