Here's the full extract from Malcy... It makes for some great reading coming from the guy who thinks we'll be bought out this year-
"The much awaited result from SNE-2, offshore Senegal has come in and it looks to validate this world class discovery. Oil flowed at commercially viable rates and was 32° API crude as before. The DST showed a flow of 8/- b/d at a maximum stabilised constrained rate with 1/- b/d in the shallower reservoir which should have the potential to make a material contribution and I would expect an upward revision of the resource estimates. With the rig moving around 6km south to drill SNE-3 it appears that there will be no changing of these numbers until at least after that well is tested and there appeared to be no meaningful comments from the operator this morning. Having said that it is clear that this well has delivered at the upper end of expectations, Far will be delighted and also as they raised money before the completion, all eyes will be on Conoco to see what they say. The London market has been a bit miserly with a very modest gain for CNE but they havent exactly shouted this from the rooftops, Far was in trading halt so tonight may show some activity there. This was indeed a ‘bumper’ result and with three different sized players involved, investors can select their degree of risk, to me Far looks like the geared way to play this and I will get back after a meaningful chat with the company later."
- Forums
- ASX - By Stock
- FAR
- News getting out
News getting out, page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
48.5¢ | 48.5¢ | 48.5¢ | $4.85K | 10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31741 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31741 | 0.485 |
2 | 14999 | 0.480 |
1 | 10000 | 0.475 |
3 | 107553 | 0.470 |
1 | 50000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
0.510 | 25000 | 1 |
0.520 | 326386 | 5 |
0.530 | 101005 | 2 |
Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |