News: FAR FAR Says Debt Financing Not Proceeding As Expected, page-4

I'm not anywhere near as bearish on oil as a lot of posters here are. Some are bearish because it suits their agenda and others because they have reached psychological capitulation. If you know market dynamics you would be confident that oil will bounce back. The longer the price stays low the more likely the price over shoots on the upside. The markets are forward looking and it looks as though analysts and brokers are starting to increase projected prices. This may be good for FAR with regards to getting some or all of the US $300M senior debt. Couple that with WPL's intent to lower capex costs then there may be some form of silver lining towards the back end of 2020. I still expect a massive capital raising that doubles the shares on issue but hopefully that can be done in the mid 2c range. I reckon replacing current management may be a catalyst to spike the sp to that mid 2c level.

Investment in FAR is still Very High Risk.

https://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-Predicts-51-Oil-In-2021.html