FAR 1.01% 50.0¢ far limited

kora day 21 revised drill rate, page-26

  1. 1,650 Posts.
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    The Maersk Deliverer is still on site and presumably drilling away.If the well was already a dud I'm sure it would be released ASAP. They are costly. I'm only interested in the final announcement.The Hess well was way overtime and yet delivered a major discovery. I'm holding for the result and will buy more if the price drops on the result.I've mentioned NDO several times and the SP is drifting in exactly the same way. NDO got to about 4c and has recovered to 7.5 ATM. FAR is in a much better position than when Shell left and Kora just happened along. It's a bonus well as far as I am concerned. I bought for Senegal and then Guinnea Bissau; so holders shouldn't panic if Kora misses.I still see it as a 70% chance.Hang in there anyone selling now could miss the chance of a life time. Having said that I have sold down from 17c to 11.5 c but still hold a large number. I consider that to be normal risk management.
 
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