FAR

3.09%

47.0¢ far limited

have heard WPL/far rumblings but cant see it myself. WPL would...

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18/02/16

14:35

Post #: 17054512
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Originally posted by Bullant ↑

this block is directly below SNE 1 ......

Feb. 18 (Financial Review) -- Woodside Petroleum has further expanded its exploration acreage in Africa with the acquisition of interests in waters off Senegal and Guinea-Bissau, signalling it is very much still in the market for smaller asset deals even as it turns its back on larger corporate plays.
The deal with UK-based private player Impact Oil and Gas, sees Woodside buy a 65 per cent stake in a 6700 square kilometre production sharing contract in the AGC Profond permit in the joint development area off the coast of the two West African nations.
Impact, which said this month that technical studies have revealed the permit has a "high degree of prospectivity", is keeping a 20 per cent interest in the block. Local company Entreprise AGC SA has a 15 per cent stake.
Woodside is taking over as the operator of the venture, which chief executive Peter Coleman said offered an opportunity to secure high-quality acreage.
"This builds on recent acquisitions in Cameroon, **on and Morocco and reflects our disciplined and strategic approach to studying regional petroleum systems," Mr Coleman said in a statement on Thursday.
Impact has pointed to recent discoveries made by Cairn Energy in Senegal as a demonstration of the potential of the AGC Profond acreage.
Cairn made two oil discoveries in 2014 off the coast of Senegal in a venture that includes junior Australian explorer FAR Ltd.
Mr Coleman said at Woodside's full-year earnings briefing on Wednesday that the company would continue to seek exploration and deepwater petroleum assets that could come onto the market amid the slump in oil prices, but signalled a cooling toward larger corporate deals because of the uncertainty in the market outlook.
Woodside last year made an unsuccessful $11.6 billion scip-based takeover approach to Papua New Guinea player Oil Search.

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have heard WPL/far rumblings but cant see it myself. WPL would want more than 15% in the block imo.

FAR Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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Last 47.0¢		Change -0.015(3.09%)		Mkt cap ! $43.43M

Open	High	Low	Value	Volume
47.0¢	47.5¢	47.0¢	$9.995K	21.23K

Buyers (Bids)

No.	Vol.	Price($)
3	82233	47.0¢

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Price($)	Vol.	No.
48.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	71033	0.470
1	50000	0.465
1	50000	0.460
1	1822	0.450
1	3000	0.445

Price($)	Vol.	No.
0.480	50000	1
0.485	50000	1
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0.510	100895	2
0.520	225286	3

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have heard WPL/far rumblings but cant see it myself. WPL would...

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

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Buyers (Bids)

Sellers (Offers)

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have heard WPL/far rumblings but cant see it myself. WPL would...

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News