FAR 1.23% 40.0¢ far limited

ne waller , page-2

  1. 2,648 Posts.
    KOKO,dont want to rain on the parade,but sadly,even though Waller is a quality project,in which FAR has a significant share of more than 50 BCF of gas and success would ordinarily send the share price rocketing,this market is not rational at the moment and the gain in SP could be initially disappointing.A few small oilers out there are reporting good results and are getting no support.What success at Waller will do though is significantly reduce risk going into Senegal,raise significantly cash flow and minimise the need for cap raising,which is far more important for shareholders than what the market thinks of spec oilers ATM.I could be wrong,I'm no expert,but we need to be realistic in these trying times.I just dont think SP is a good measure of success or progress at this point.
 
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