FAR 4.00% 52.0¢ far limited

Yes the Norwegian part of the North Sea is cheap to drill in,...

  1. 149 Posts.
    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.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
52.0¢
Change
0.020(4.00%)
Mkt cap ! $47.59M
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
Last trade - 15.34pm 03/07/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.