I think Erin are in default..... defunct.... with everyone.
Imo the government hold the whip hand.
The PSC clearly says any declaration of bankruptcy the lease can be cancelled so in effect its totally worthless to anyone who is owed money.
The government could find a new JV partner but 20% with a duster drilled is likely to go cheap IMO. More value to current JV holders and may have something to do with FARs relative silence on the blocks...
I see it being split between us and Petronas. Would Petronas take 20% for another free carry drill considering it's likely to be just through the border from sne? Certainly possible IMO or will FAR try and stump up for 50%?
Market will be wary after Samo but close to SNE could be a different story.... with luck. DB
I think Erin are in default..... defunct.... with everyone. Imo...
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |
