https://www.investing.com/news/comm...opec-report-shows-jump-in-saudi-output-465958
More POO headwinds.
I am surprised there has not been a CR at this stage. Perhaps soon. With this in mind FAR could be waiting on the SNE 6 results to raise at a possibly higher price or
They have the much discussed backer or
They are out after SNE 6.
I recall reading somewhere and could be wrong but that a JV seeking to sell their interest must obtain Gov approval. COP circumvented this by selling their shares in SEN BV or they may have simply had the approval.
The longer this goes without a CR as the current drill program nears completion, the more likely it is IMO that there is a buy out in the pipeline.
Just speculation.
IMO DYOR Etc
https://www.investing.com/news/commodities-news/oil-collapses-aft...
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Last
48.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 48.5¢ | $5.957K | 12.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31502 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 8980 | 1 |
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| Last trade - 15.57pm 22/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |