FAR 0.00% 49.5¢ far limited

Shekel, Re "I have heard things about this well, which i cannot...

  1. kkw
    7,171 Posts.
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    Shekel,

    Re "I have heard things about this well, which i cannot verify. Nobody on HC has come close to mentioning it. However if true, Mr market would be taking ALOT more notice of this stock."

    Not disputing what you might have heard, BUT, IMHO everything that matters and facts that we need to know about this well is already known via announcements, EXCEPT the result; oil or no oil which is the ultimate determinant of the SP.

    Things like
    It's likely to be similar to Sunbird, a frontier (almost) province
    Large field according to Seismic
    Gas indications
    Deep and difficult. BTW history suggests outstanding wells were mostly troublesome wells to drill.
    Expense and time over runs

    All these and what ever that goes on behind closed doors, regardless whether it is TO talks, M & A etc etc unfortunately become irrelevant if the result is negative. The whole of FAR atm is about Senegal and then perhaps L6.

    All JIMHO

    KKW
 
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