Yes the Norwegian part of the North Sea is cheap to drill in, the government reimburses 78% of costs in the event of failure ie not commercial. The flip side being you pay 78% tax on your profits. So the risk reward scenario is ENTIRELY different.
Although, drilling a string of dusters can effect cash flow as there is a delay for reimbursement.
In response to kkw's concerns over the implications of Rocksource's beneficial interest, they DID prospectively agree to make a promoted contribution to the first and second wells; despite the whole idea of the deal being to reduce exposure to risk and liabilities through a retrospective mechanism.
This agreement occurred immediately preceding the Noble farmout, so RS had the beneficial interest to "sell". Personally I think Noble's entry is the biggest vote of confidence in AGC to date.
- Forums
- ASX - By Stock
- FAR
- rocksource breiflab target dry
rocksource breiflab target dry, page-20
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
52.0¢ |
Change
0.020(4.00%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
50.0¢ | 52.0¢ | 50.0¢ | $54.62K | 106.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 35000 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 14868 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 35000 | 0.510 |
2 | 45521 | 0.505 |
1 | 29878 | 0.500 |
1 | 30000 | 0.495 |
1 | 30000 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 12803 | 2 |
0.530 | 10000 | 1 |
0.540 | 22471 | 1 |
0.550 | 82295 | 3 |
0.600 | 25953 | 2 |
Last trade - 15.34pm 03/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO & MD
Anthony Noble
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online