Whilst I am sometimes critical of FAR management there is no way you can criticise them for SAMO.
They got the block on the cheap & off market and then flipped it to a huge major (Petronas) for a free carry at a shot at glory (Samo). The major agreed that Samo was certainly worth drilling as they paid double the cost.
Importantly FAR are now in pretty much the same position today (financially and otherwise) than if they had never had A2 & A5. Except now FAR have 40% (possibly more) of the possible extension of SNE into Gambian waters and a control well just to the south of this prospect. If this prospect is good then FAR may be able to farm down for some type of carry.
Seems people are getting their underwear all twisted over one days trading post Samo (in which the market was apparently valuing Samo at $275million!) Let the price settle for a week or three and then reconsider once some of the raw emotion is gone.
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $36.96M |
Open | High | Low | Value | Volume |
40.0¢ | 40.5¢ | 40.0¢ | $464.8K | 1.155M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 119733 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 119733 | 0.400 |
1 | 50632 | 0.395 |
1 | 100000 | 0.390 |
4 | 58133 | 0.380 |
2 | 9198 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 153000 | 3 |
0.425 | 27500 | 1 |
0.430 | 263902 | 6 |
0.435 | 22300 | 2 |
0.440 | 47323 | 3 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
40.0¢ |
  |
Change
-0.005 ( 1.23 %) |
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Open | High | Low | Volume | ||
40.0¢ | 40.5¢ | 40.0¢ | 68198 | ||
Last updated 14.47pm 28/03/2024 ? |
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