Next prediction, page-9

  1. pj
    2,090 Posts.
    Hi Rolling

    Pending any further information from whisky, in answer to your rhetorical question on the last line, and given the extensive forward program beyond the committed first three wells, some might consider it prudent to regard our current cash position as "emergency reserves" to be maintained at all times.

    For my spreadsheet calculations I have always assumed at least $20m in reserve for contingencies and am considering increasing this further, thus building in a better allowance for forward capital requirements into the projected price at any particular time.

    Currently the sheet assumes $0.095 initial capital raise price which now with the recent fall in the oil price looks optimistic and if they do have to raise before drilling FAR must be wishing they had locked in at least some of this in earlier. If, as whisky states CN has intimated, they don’t have to raise before drilling starts, then this number or better still looks feasible.

    In the end, as OOO has stated, it is to be expected that FAR management (with their new recruits) will get on with this to achieve the best possible outcome for shareholders and we shouldn’t be overly worried about it.

    pj
    Last edited by pj: 17/07/15
 
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Last
35.0¢
Change
-0.010(2.78%)
Mkt cap ! $32.34M
Open High Low Value Volume
36.0¢ 36.0¢ 34.5¢ $249.8K 715.9K

Buyers (Bids)

No. Vol. Price($)
1 1999 35.0¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 6001 1
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Last trade - 15.48pm 07/07/2025 (20 minute delay) ?
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