FAR 3.30% 44.0¢ far limited

No panic but wondering about news

  1. 16,253 Posts.
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    Just being palyed with IMHO and on low volume in real terms. So no panic here. There simply are few buyers so there is nobody to soak up any sellers or shorters. Everyone has been fully loaded for many months if not years (since FAN??) so strong buying will only happen on spectacular news or a large rise in POO.

    Just wondering though why we haven't heard anything about the Djiffere block option. The closer to the deadline we get (Monday 31st) the less likely in my view we will see definitive news. And the more likely there will be an extension so that the 3D can be more thoroughly assessed. There's also some chance that any farmin might be reliant on the outcome of the pre-emption negotiations (same partner perhaps?). So unless the later is resolved in the next few days (highly unlikely) we may not get an answer on the 31st because FAR is likely to wantb to have a farmin finalised BEFORE taking up the option.

    Just my thoughts.

    H
 
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