Also of interest, apart from the obvious 2C results of FAN1 & SNE, will be the chances of success and estimated
volumes of oil in the remaining prospects.
"Our team will be reviewing the prospective resources inventory from the undrilled prospects and, in light of the discoveries, re-assessing the volumes and geological chance of success for each prospect. We expect we will release a revised assessment of our prospective resource inventory in the first quarter 2015."
I think from memory {Nov 2014 Presentation} that the remaining prospects had about an 11% COS. Tim also argues that
the volumes of estimated oil should be doubled for the Buried Hills prospects in light of SNE. Interesting from a possible
valuation context on the remaining acreage and to actually see what numbers they come up with in lieu of the 2 discoveries.
GLTAH
FAR Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)