Hi Truongv,That's great news for FAR,Also noted on AP's 1/2Y...

Hi Truongv,

That's great news for FAR,

Also noted on AP's 1/2Y report,

On 30 July 2012, the Company completed a share placement to institutions and sophisticated investors of
62,963,000 fully paid ordinary shares at an issue price of A$1.35 per share, raising A$85,000,050
(US$88,016,083) before costs. Capital raising costs amounted to US$3,839,319.
The Company intends to use the funds raised from the placement to contract an additional oil rig. This has been
conditionally contracted and it is currently expected to drill a further well in Block LB-09, offshore Liberia, in
the fourth quarter 2012. This well is planned to be drilled ahead of the previous contracted two well programme
with the Eirik Raude, due at the end of 2012.


Hopefully a good chance the the Eirik Raude rig spuds Alhamdullilah prospect first, with a second rig conditional contracted and expected to arrive in Liberia first.

Hopefully news from Svenska on GB soon, as FAR stated they were having a meeting with Svenska in June, pushed back to August.A forward works program and a confirmed two well program is hopefully due

Shovel.