1 p/e only if we can get finance & terms very much to our advantage .
2. raise resources & reserves by drilling only & any prospects that have high cost effective chance of success.
3. then shut down as far as possible & cut management costs & wait for oil price to rise to ( say ) $ 70
4. cover further unavoidable costs by pro rata rts to existing shhs with free options attached with same terms as any held by management.
6. when oil price appropriate ( surely before 2022 ! ) , put our Senegal assets up for sale
7. return most capital to shhs & resume our role as a small & now well capitalized explorer.
8. and we all lived happily thereafter.
The way ahead ?
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
47.5¢ |
Change
-0.005(1.04%) |
Mkt cap ! $43.89M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 47.5¢ | $37.01K | 77.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43897 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 32778 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |