"Todays investor is so concerned with anticipating the future that he is already paying handsomely for it in advance. Thus what he has projected with so much study and care may actually happen and still not bring him any profit. If it should fail to materialise to the degree expected he may in fact be faced with a serious temporary and perhaps even permanent loss." - Benjamin Graham.
If the goods are there the share price will follow. The investor presentation suggests evaluation of the Senegal drills will be ongoing right through to end of next year.
What interests me with the SNE-1 drill is that is appears to be targeting a trap at the boundary of the clastic and carbonate formations. It is estimated that 60% of oil and 40% of gas is in carbonate reservoirs. Carbonate plays are also known to be problematic.
The planned drill looks to be going to a depth well below the trap and into the carbonate formation. Any geos / experts care to elaborate further on this.
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10069 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 22471 | 1 |
View Market Depth
| Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |