FAR 0.98% 51.5¢ far limited

Tensions bubble up at Woodside's Senegal oil project, page-174

  1. 16,665 Posts.
    lightbulb Created with Sketch. 4014
    Hi Oze.
    Not sure what you're point is?
    If you understood how a PSC contract works you probably would not have posted that IMO.
    The presidents brother and the current president had zero to do with Timmis getting the leases....zero. This is where the Timmis problem actually started.
    Once the leases have been granted so long as the entity completes the work programme then there is little anyone can do to kick them out.
    Take APCL for example. they have failed at every hurdle to complete a single work programme and yet they are still taking The Gambia and Senegal to arbitration, which I strongly believe, will lose both for failing to complete the contracted work programme.
    The Gambian arbitration has now been running since October 2017.
    If Macky Sall had tried to remove Timmis he would have most likely failed and added 2 years plus to the actual drilling of a well that most likely would not have happened as the oil price tanked.
    Salls hands were tied even though the investigation said he should be removed so long as Timmis completed the contracted work programme IMO.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
51.5¢
Change
0.005(0.98%)
Mkt cap ! $47.59M
Open High Low Value Volume
51.0¢ 51.5¢ 50.0¢ $69.48K 136.6K

Buyers (Bids)

No. Vol. Price($)
1 6629 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
51.5¢ 258638 2
View Market Depth
Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.