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Very well said Mike applied logic

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kev633

165 Posts.

14/11/16

18:13

Post #: 20608640
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Originally posted by Mike R ↑

Whisky asked if I had anything to back that up Mike ?

Yes Whisky with due respect, the "business as usual theory" is a dead duck IMO, the information blackout is so defining it shouldn't need to be explained. If you are aware of any other detail indicating the JV is alive and well please, let us all in on the secret.
Apart from a reference to appraisal drilling will commence soon, we still do not have a definite commitment to a drill rig, drilling locations, duration, or budget costs and even DOC remains in the domain of the guestimators.
Underneath this PE cloud, I doubt if the JV is able to convene nevermind look each other in the eye and set an agenda to reach a joint commitment to close out the important issues. WPL are world beaters at convening meetings upon meetings, but all talk and no commitment is no advertisement for business as usual.
Yes I am aware they only need a majority to reach a decision, so where does that leave FAR I wonder and the other JV partners ? It is not ideal let's face the facts.

An official announcement on how the JV will manage the day to day management process during this period of PE uncertainty and possible arbitratration is not an unreasonable request. IMO
Just applied logic !

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Very well said Mike applied logic

FAR Price at posting: 7.1¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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