Morning,
As a couple of posters have speculated, I also believe that this increase is based on the increased interest and consolidation that is occurring onshore and offshore E Africa.
I work oil and gas in Tanzania and have good mates in Uganda and Kenya (production and logistics)and it's really cranking up over here.
Lots of exploration underway here in TZ, with a lot of Australian interest inc. Swala, Ndovu and Ophir.
As is the norm with new region exploration, the junior / mid tier companies do the grunt work establishing a position, then the majors move in and take up what they like the look of, so hang in there, good times to come I reckon.
Hope so anyway, got a bit more to go to get my coin back on FAR.
Jim
there's an elephant in the room , page-13
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Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 49.5¢ | $12.74K | 25.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89162 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2297 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |