No it did not slip their mind but I think financially it could possibly be a bridge to far for FAR to fund their relatively big share of drilling another well in the Gambia in the required timeframe given the Erin share did not get resolved such that FAR could farm it down to pay for the next drill and they face SNE FEED related cash calls and other activity needing cash in GB I dont know if they can provide the Gambians with the financial guarantees they want/need on the next licence renewal.
Is there a legal stoush brewing over who gets Erin's portion of the pie?
There appears to be at least some doubt about renewal in this article back in May.
https://www.offshore-mag.com/regional-reports/article/16790910/offshore-gambia-partners-consider-next-steps
No it did not slip their mind but I think financially it could...
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Last
49.5¢ |
Change
-0.010(1.98%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.5¢ | 49.5¢ | $94.59K | 189.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 69438 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 22471 | 1 |
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| FAR (ASX) Chart |