Test Results

Ms Norman said stating commerciality of the find now would be "foolish". <<
But she said at a conservative estimate of 350 million barrels of oil, the find cleared the hurdle to be commercial, which was 150 million to 200 million barrels.


Read more: http://www.smh.com.au/business/mining-and-resources/explorer-fars-shares-soar-after-senegal-offshore-oil-discovery-20141008-10rpyq.html#ixzz3FpmA3s1q

The oil is there. Can it be extracted and if so how much will that cost and who will do it? What about Ebola etc etc etc. Still lots of ifs. We are so close to the commerciality answer the stock price in unlikely to move until it is announced one way or the other. If positive at 350 mill B should see ~ 15 cents. Add about 3 cents for each extra 50 mil. On the other hand if low commercial volume CON/CNE may decide not worth the cost - see MD's hurdle above. Whose going to buy FAR's 15%?

Volume may be good but can only extract limited amount.

Me thinks it will be a long time before the price reaches some of the expectations of posters with a positive announcement.

If negative the next gamble is someone to finance Kenya. Could be the grim reaper.

Still reckon this company is worth a punt.?