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Investors Await Results on FAR’s Work in Senegal — Market Talk

  1. ksingh

    736 Posts.

    Investors Await Results on FAR’s Work in Senegal — Market Talk

    2257 GMT [Dow Jones] Shares in oil explorer FAR (FAR.AU) have been knocked by the slump in crude prices but its valuation is set to be reassessed with the expected release of data evaluating its efforts in Senegal and word on progress determining plans for their development, Bell Potter says. Drilling offshore Senegal has made two world-class discoveries, each of which Bell Potter says has the potential to justify a standalone oil development. It adds the company remains well funded for near-term work. It rates FAR as a speculative buy with a target of A$0.36/share. FAR last traded at A$0.091. ([email protected]; Twitter: @RobbMStewart)

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