FAR 0.00% 50.5¢ far limited

Could also be a an additional survey targeting, topping up...

  1. 793 Posts.
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    Could also be a an additional survey targeting, topping up knowledge against the drilling results towards firming the exact production well positions. Additional injection wells etc. I doubt there will be any announcement on it though, just like drilling rig down time, it's hardly mention.. 3rd party contractors, just have to get it done... Hopefully with in the targeted budget, of which Drillships, supply vessels, new build FPSO are a lot cheaper than they were in the peak of the market in prior to the start of the 2014 exploration downturn. If you are interested in that, check the history of the Drillers, Seadrill, Transocean (peeked at $15, now less than $5), Valarius (Rowan & Ensco merger), Diamond... All used to pay 10-12% dividends... Now all on their knees after chapter 11's.. So in a way, FAR's timing is fairly lucky, low cost environment for establishing the play..
 
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