FAR 1.23% 40.0¢ far limited

Large buy

  1. 16,221 Posts.
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    Something like 18m-20m bought at 11.03.58 at 1.6 cents. Nice to see some interest .... although of course it was also a large sell!

    I am not into blaming people for this situation so no management bashing from me other than to say that very much in hindsight FAR should have 1) drilled Sooloo rather than Samo and 2) reduced the need for capital by selling down some Sangomar equity a long time ago.

    Regarding our current situation I am sure FAR is looking at all options. We still have a good asset. Its worth noting that although we will be talking on significant debt (if its obtainable that is) this is different to raising capital for ongoing expenditure and exploration drilling, The debt will mean we OWN part of an FPSO and part of a developed oil field which will add to the sunk costs and therefore add to what the asset is worth if it was to be bought by another party. That's the "adding value" they talk about ... but I will believe it when I actually see the $s in the bank account!!

    I haven't given up on the possibility of 3-5 cents if sale or finance are successful (and the oil price continues to improve) but I have given up on actually making a profit!!!! Shame when the potential was so good years ago.

    All the best to everyone

    H
 
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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
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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