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Polar Marquis is on its way ........, page-64

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Whisky49

13,544 Posts.

4633

11/08/19

17:03

Post #: 39955845
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Originally posted by andy16: ↑

Would I be correct in assuming that we should have a market sensitive announcement out tomorrow morning? This would be an extension or cancellation of the A2 and A5 leases in The Gambia. An extension would more than likely entail an obligation to drill another well, (and possibly resolution of the extra 20% WI), which I believe would be material. A cancelation would also be a material change to our prospective resources.
I believe the last communication that we received was that that an extension had been granted until August 10th 2019. This date passed yesterday, and given that we have up to 60% of these blocks at stake, I don't think it would be unreasonable to expect an update either way.

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In the unlikely event the leases aren't extended you would get a notice, that would be material, but no reason to expect one otherwise IMO, just the eventual farm out terms if and when they happen..

Cheers Whisky

FAR Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 49.5¢		Change -0.025(4.81%)		Mkt cap ! $45.74M

Open	High	Low	Value	Volume
51.0¢	51.0¢	49.5¢	$3.293K	6.5K

Buyers (Bids)

No.	Vol.	Price($)
1	995	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	3276	1

View Market Depth

No.	Vol.	Price($)
1	995	0.495
1	47000	0.485
1	1999	0.475
2	92553	0.470
1	3000	0.445

Price($)	Vol.	No.
0.510	3276	1
0.520	212500	4
0.525	19005	2
0.530	101005	2
0.550	27285	2

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