Fazz, they had to relinquish part of original licence area, 50% I think, because the original agreement terms would have stipulated that. They didn't have to give it up as a trade-off of getting an extended first term, which would have ended in Jan '09 (3 yrs). They requested an extension beyond this date to attract a top-shelf farmin partner to take them forward into the drilling stage (next 2yr term) and I believe they got the original extension because they had greatly exceeded the minimum work requirement for the first term. I think the second term would also require a further acreage relinquishment (poss. 25% of remaining acreage) as is normal for these kinds of contracts. Requesting a further extension of term 1 might mean some concession will need to be offered by FAR but, then again, FAR might by now be on V good terms with the top brass in Senegal. Or they might be complete lepers, but I don't know why FAR would even try for an extensiuon if they didn't think they had a good chance. Seems unlikely that it's a bit of theatre simply to appease disgruntled shareholders.
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Fazz, they had to relinquish part of original licence area, 50%...
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19637 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 0.485 |
3 | 83930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
1 | 5000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 10000 | 1 |
0.510 | 69689 | 1 |
0.515 | 2239 | 1 |
0.520 | 79910 | 2 |
0.525 | 30000 | 1 |
Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
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