I understand that FAR will have a 10% interest in the entire AGC Profound block so if the participants decide to drill 2 wells then FAR would have the opportunity to participate in this well also.
If Kora finds commercial oil then why wouldn't FAR participate in the next well.
I think people underestimate how ME has set up FAR over the past year or two.FAR holders are in for an action packed future in my view.At least 3 to 4 wells are possible over the next 24 months.
Be patient and load up at current prices as you wont see prices below 10 cents again if KORA finds oil.
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maersk deliverer on the way to kora., page-8
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Open | High | Low | Value | Volume |
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1 | 3967 | 0.500 |
3 | 16894 | 0.495 |
1 | 5000 | 0.490 |
2 | 20618 | 0.485 |
Price($) | Vol. | No. |
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0.510 | 7286 | 1 |
0.520 | 200000 | 3 |
0.525 | 19005 | 2 |
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0.550 | 27285 | 2 |
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