Q:Why? A:To make more money. They have an opportunity to lay down some cash and take additional % - say 80% of Djiffere block with CNOOC behind them and all is happy days. Unless they found it devoid of oil targets in 3D.....in which case they would be crazy to take up their option.
The only rational explanation I can think of is that the Government have already promised Djiffere to CNOOC as soon as they can cancel Trace. That is how FAR has confidence that the farm-in is still on the table when Trace exit.
Q:Why? A:To make more money. They have an opportunity to lay...
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |