FAR 1.23% 40.0¢ far limited

Hi Nammuldi...Management have said it on numerous occasions that...

  1. 341 Posts.
    Hi Nammuldi...Management have said it on numerous occasions that oil companies talk in 5 or so year averages when discussing values. Cath has also said that they have been having "informal" discussions with some interested players.

    FAR never had Reg on board when those comments were made neither did FAR have additional acreage on the shallower shelf.....so anything can happen and probably will. Such as;

    With regards to the oil price....just keep these thoughts in mind;

    If we are looking to get to production in around 5 years......then at the current oil prices;

    Saudi Arabia will have used up the remainder of its financial reserves and the royal family of 5,000 will have fled to their villas in the south of France whilst their state goes up in flames,

    Vladimir Putin will have long hair and a beard and will be hiding in either a roadside culvert or in a hole in the ground in someones back yard.....whilst the Russian state goes up in flames,

    Venezuelans refugees will be walking through Mexico by the hundreds of thousands on their way to the US as their state goes up in flames,

    Around the bottom of the Goldman Sachs and Morgan Stanley buildings they will build security fences around the footpaths to safeguard pedestrians from being hit by falling executives,

    Natural oil field depletion at the rate of 5% pa will see daily production drop to 60m barrels a day but dont worry the Saudis will turn on more taps and make up the shortfall and in doing so they will run out of oil,

    Then just around that time in about 2021 we will go into production and oil will be $1,000 a barrel.....
 
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40.0¢ 40.5¢ 40.0¢ $464.8K 1.155M

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41.0¢ 30000 1
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
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