FAR 5.10% 51.5¢ far limited

shell decision might be close

  1. 1,637 Posts.
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    I'm down to my core FAR having last traded at 9.5c.My buy order at 8.2c now looks unlikely.I'm into SUR with profits!

    The jump is probably based on the few words in the report which discloses the CSEM data is GOOD.It is the only new information. As they have now looked at the data it shouldn't take long to incorporate onto the 3D seismic. I've been waiting for any info as to whether Shell has actually looked at the data. The FAR data finally must have reached top of the queue.I can't think of many reasons why Shell would delay once the data has been analysed.IMO we might get the news sooner rather than later. Picking the best site , presumably in conjunction with the co-venturers, might cause a delay,but if news is negative IMO we would know it now!!.The only other thought is the payment to FAR would fall due. Shell might want to delay it till the end of the month. I doubt they'd penny pinch over a couple of weeks interest on $3.3 million.
    Good luck, some of us could finally get the rewards of a long wait.


 
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