Market could turn nasty but I'm hopeful that internationally things are being "managed" a lot better than in the past.
Oil price could go either way. OPEC meet 6 June and I reckon they are likely to continue pumping at current levels.
The other block ... I'm not saying it is African Petroleum's block(s) but they do have 2 offshore Gambia that are on trend and also the one to the west of Sangomar Deep and another in a similar area to the south. The other blocks are less attractive.
CR likely after 30 June and before October but that is entirely just my guess. Larger one after successful drilling.
As rolling says they need it to be at a higher price than now but the share price seems stuck in a tight range. What will get it moving?
H
FAR Price at posting:
10.2¢ Sentiment: Buy Disclosure: Held
