FAR 0.99% 50.0¢ far limited

Oil up over $50, page-27

  1. 896 Posts.
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    Yes H agree with that sentiment re blue chips and dividends. My other stocks were all speccies and all in the O&G
    space. How's this for a perfect "crystal ball" scenario;

    1. Oil continues to rally or hold above $50 odd dollars in the short term {4-6 weeks when I think the 2C will be in the
    can}, enabling a good base of say 9-11c for FAR's SP to bounce from in lieu of a very good 2C result.

    2. We see the "inevitable" sell off post 2C bounce with a further spike upwards late April when plans for appraisal
    and further exploration are announced.

    3. POO falls to $35-40 come June/July when FAR & JV lock in the rig and secure it more for around the 30m per drill
    than the 40m estimated.

    4. 1st appraisal successful at SNE around Nov/Dec 2015 @15-20000bopd flow rate. POO has recovered to around the
    $60 mark aiding the massive SP spike the above result would entail.

    5. 2nd appraisal drill at SNE also successful @ the same flow rates come Dec/Jan with POO continuing to climb.

    6. 1st exploratory drill at BH successful in Jan/Feb with the POO now at the $70-$80 range. 3 successful wells with
    the POO coming to the party, ready to deliver maximum T/O or sell down price if it were to eventuate at that stage.

    That of course is what I am "hoping" for.

    GLTAH
 
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Change
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Mkt cap ! $46.20M
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50.5¢ 50.5¢ 50.0¢ $1.708K 3.383K

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3 40871 50.0¢
 

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50.5¢ 853 2
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