It may be true to theorise that we are sitting on a major oil find in fan1. (The areal extent of this formation is something to behold). Even all companies involved have said so. There have been many hints at extra pay when they crunch the data further. We can assume that SNE-1 has yet to find any hydrocarbons at present but they must be very close to the depth that will/may/will not. So why would there be downward pressure on the sp on Thursday? Many have suggested many reasons, particularly the trolls. I can, with a degree of confidence, say that FAR will not be producing from any of these holes in the future and that a pay day announcement is likely. (all imo of course!). Has any mentioned the figure, 2.5 billion yet?
somethings brewing
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
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| Last trade - 15.08pm 28/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |