Past year: ▼ 22%(28.0c – 62.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
9 Jan 2006drilling scheduled● Neutral
Operator Victoria Petroleum says the rig has arrived at Eagle North-1 and drilling should start 11 January. It anticipates up to 1,000 barrels a day if the horizontal leg succeeds. FAR holds 15%; largely repeats earlier updates.
9 Jan 2006drilling progress report● Neutral
FAR's Schwing A-1 well in Louisiana (18.3% interest) is drilling at 1,606 feet, targeting 3 to 5 million barrels. The rig is on location at Eagle North-1 in California (FAR 15%), a 4,200 metre well; FAR pays its 15% share.
4 Jan 2006drilling scheduled● Neutral
Partner Sun Resources says the rig is being serviced and should be rigging up at Eagle North-1 (California) within a week. FAR holds 15% of the Eagle Oil Pool, where mean recoverable reserves are indicated at 13.5 million barrels of oil.
