Oil up over $50, page-70

paully

Its a shame that the sharemarket has such a short-term memory. We have had 2 of the biggest oil discoveries of the year only a few months ago and yet the market seems to need constant reassurance by way of news. Whether or not JP's and 10mc's rumours come to fruition near-term FAR really is IMHO an undervalued gem and we will get the news when it comes. Having said that it would be a shame if there is a 5 month gap between discovery and the results news (end March?) which would leave FAR open to shorters and traders and not fundamentals.

Quite a nice 1m buy just now at 8.8 so someone sees value.

H