FAR 1.01% 50.0¢ far limited

the chart is looking very good for another run tomorrow toward...

  1. 739 Posts.
    the chart is looking very good for another run tomorrow toward that important 10c resistance...as long as the DOW does not tumble further, FAR is up for a green day tomorrow....i think a deal is very very close....due dilligence has been completed by ME's preferred parties and its all about working out a compromising deal

    10m+ in cash for FAR
    free carry for 1-2 wells
    20-30% interest
    and a committment to drill in CY11 is what's expected

    this should re-rate FAR to the 15c level, with any futher positive updates on GB to increase it further, 17,18c.

    anything better than the above scenario will push the SP significantly higher becasue i believe the aboce is what will be factored into the SP

    tullow, cnooc, ect will be perfect candidates

    but a wpl, bhp, exxon will add an extra 5c IMO

    :) we are ver very close

 
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Last trade - 15.44pm 31/07/2024 (20 minute delay) ?
FAR (ASX) Chart
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