FAR 1.23% 40.0¢ far limited

HM In case of SNE, Cairn has quoted ERCE's certified mid & high...

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3828
    HM

    In case of SNE, Cairn has quoted ERCE's certified mid & high estimates of 2740 & 4150 mmbbls Oil In Place.

    These have been rounded off regularly & quoted as 3 & 5 Bil instead of the 2C 563 & 3C 998 mmbbls.

    The 520 series sands are thicker & have a better recfac then the thinner 400 series Sands. In an oilfield, RF can improve via an increase in number of wells, spacing, drainage area/well, placement of injectors to push the oil & Well trajectory (eg: Extended Reach Horiznt'l Wells), hence the high OIIP.

    For now though Phase-1 targets 240 mmbbls oil, Ph-2 targets 130 mmbbls, Ph-3: 120 mmbbls from a number of wells with Development drilling scheduled to start in 2020. I think JV should lock in atleast 2 Rigs for the full 26 wells planned for Phase-1 to take them to Production. For now Securing project finance should b their one of their priorities I think.
    cheers.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
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($)
2 85000 40.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 103000 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
40.0¢
  Change
-0.005 ( 1.23 %)
Open High Low Volume
40.0¢ 40.5¢ 40.0¢ 68198
Last updated 14.47pm 29/03/2024 ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.