FAR - FAR Limited

[Georgeb]

Re: FAR - First Australian Resources

When are we expecting an announcement on Senegal?

I have been buying all the way down to 10c and I am confident in the long run this will increase in value. At the moment all the stocks are getting hammered.

 

[Mikii]

Re: FAR - First Australian Resources

yeah same here, i been buying little parcels each time it drops.
we should be expecting senegal by the end of march. hopefully it will look like BRM's announcement on 5th march...

 

[Trader Paul]

Re: FAR - First Australian Resources

Posted 08012008:

Hi folks,

FAR ...

1403-02042008 ... 2 opposing and underlying cycle here for FAR, may make
for some volatile trading, especially, around:

28032008 ... 3 significant and negative cycles are triggered by a lunar
aspect, while another positive cycle is also in play. So,
expect some significant events here for FAR. Looking for a low ?


... and then, April should be stronger for FAR:

Our mechanical target date, calculated from the price move above (in days),
gave us 03042008, as a target in early April.

Soon after that target, our astroanalysis has uncovered several positive
cycles to lift FAR off its lows or breakout from resistance, at that time:

08-09042008 ... positive spotlight on FAR

11-14042008 ... significant and positive news expected here

18-21042008 ... difficult cycle in play here ... negative ... pullback???

21-22042008 ... significant and positive cycle ... finance-related???

25-28042008 ... difficult cycle here, but more news expected.

Next round of positive cycles for FAR, should get started, around 28072008.


More later .....

happy trading

paul


=====

Hi folks,

FAR ..... trading to the plan so far ... looking for a low over the next
couple of trading sessions, ahead of some positive time cycles, in
the first half of this month ... see cycles detailed in post, above ...

have a great day

paul

P.S. ..... holding FAR

 

[YOUNG_TRADER]

Re: FAR - First Australian Resources

Hi Paul,

Its very interesting, your time cycle has FAR having significant positive news around the 11th-14th of this month, I would suspect that coincidentally coincides with the release of Senegal drilling targets,

Unfortunatley the game in oilers has changed due to mkt conditions and lack of cash, as such I don't think these high risk elephant prospects will be as easy to farm out as they once were

I was also a bit surprised (though not really) to see Grigor retire, its not like he did much for the company anyway

 

[Trader Paul]

Re: FAR - First Australian Resources



Hi YT,

FAR ..... next week ... should see this one lifting off its recent lows ...

have a great day

paul



=====

 

[wildmanchris]

Re: FAR - First Australian Resources

I really hope you're right on this one Paul - im holding as well, but a company making promises re info dates and not delivering on time really really annoys me.

I should have gotten used to this by now - and I understand there are challenges but still

Edit - hitting 9 is a low for recent times - from what my charting software tells me the last time it went this low was 2005.

 

[bhutos]

Re: FAR - First Australian Resources

Edit - hitting 9 is a low for recent times - from what my charting software tells me the last time it went this low was 2005.

Aye, I took a small position in it today. I've been looking at it for months and am glad I was investing elsewhere. 8.8-9c was a bit too good to pass up even though I probably should have accumulated more in something else.

 

[wildmanchris]

Re: FAR - First Australian Resources

Annoucement re Senegal proving they are actually doing something with the results/farmout.

Up 10% today which is good as it was starting to test my patience and belief.

 

[YOUNG_TRADER]

Re: FAR - First Australian Resources

what the 40M barrels to over 3Billion barrels of oil target?

That has to be the biggest P10 to P90 range I have ever seen, thats just nuts,

its almost on a 1 - 100 range ie 30M - 3Billion, crazy

Anyway this is what we've been waiting for, now lets see if any of the majors step up to the plate

 

[wildmanchris]

Re: FAR - First Australian Resources

what the 40M barrels to over 3Billion barrels of oil target?

That has to be the biggest P10 to P90 range I have ever seen, thats just nuts,

its almost on a 1 - 100 range ie 30M - 3Billion, crazy

Anyway this is what we've been waiting for, now lets see if any of the majors step up to the plate

Is a bit crazy YT - but any news is better than bad news, esspecially when we have been hanging out for so long.

 

[Georgeb]

Re: FAR - First Australian Resources

YT, do you think this stock has value at these prices and would you consider buying into it?

I personally think it has upside value as long as they can engage a partner for senegal...

 

[mick2006]

Re: FAR - First Australian Resources

you got to love a company that does a bit of self promotion, anyone that has been keeping an eye on FAR already knew the potential of Senegal, funny that all it took was a simple media release.

can you imagine what will happen once they farm out the prospect and get closer to drilling.

 

[YOUNG_TRADER]

Re: FAR - First Australian Resources

Still holding Mikii, waiting for Senegal targets, the 1Bl barrel targets should cause some interest and allow us to take some profits (hopefully)

China drilling has been disapointing so far

Well it took aboout 2 months but we got there didn't we guys, lol

I sold a fair few today so that I can free carry my remaining portion,

FAR is a great stock but until a major steps up to sort out the funding side of Senegal in current mkts I am weary

 

[fodder-oz]

Re: FAR - First Australian Resources

so where to now for FAR? Any predictions on price? Still behind a little from where i bought but this news looks very promising.

 

[Red Dog]

Re: FAR - First Australian Resources

This came up on Global Insite yesterday. Thought there would have been an announcement to the ASX. Hope it does not delay drilling in Senegal.

XTO Buys Hunt Oil for US$4.19 bil.
XTO, a U.S. domestic independent with a focus on natural gas production, has announced its intention to purchase Hunt Oil for US$4.186 billion. The purchase is to be funded by a combination of 62% cash and 38% common stock, and is expected to close by September 2008. XTO's first-quarter production this year stood at 1.71 bcfe/d of natural gas, over 51,500 b/d of crude oil, and nearly 16,000 b/d of natural gas liquids (NGL).

Significance: XTO has waxed lyrical about the merger, with the company's president, Keith Hutton, describing it as "a super-charged bolt-on" for the company. Essentially, XTO will acquire gas- and oil-producing assets across the U.S. Gulf Coast region, Bakken Shale assets in North Dakota, and acreage in the North Sea. The company will add nearly 1 million net acres of producing and undeveloped leasehold to its books, in turn adding approximately 1.052 tcfe of natural gas reserves, 197 mmcf/d of natural gas production, 8,500 b/d of crude oil output, and 2,300 b/d of NGL. The company intends to keep with its long-held strategy of using technology and geological expertise to increase proven reserves, and subsequently investing to boost production.

 

[doctorj]

Re: FAR - First Australian Resources

This came up on Global Insite yesterday. Thought there would have been an announcement to the ASX. Hope it does not delay drilling in Senegal.

This "Hunt" is completely different to the Hunt First Australian partners in Senegal.

No impact here.

 

[fodder-oz]

Re: FAR - First Australian Resources

any ideas out there why this stock is dropping? After there 1 billion oil find I thought this would have stayed higher, considering the potential for drilling this out at some point in time.

 

[pan]

Re: FAR - First Australian Resources

In a Trading Halt at the moment.

Pending an annoucement to the market regarding capital raising.

Definitely need some senegal news!

 

[fodder-oz]

Re: FAR - First Australian Resources

Announcement made, capital raising up to $4 mill, existing holders get to buy up to $5k at 8c each in a Share purchase program.

Funds used for their work programme over the coming monthes.

What do people think?

 

[qeegbill]

Re: FAR - First Australian Resources

The negatives are that there will be a share dilution and that the SP will probably retreat to the 8 cent level. The upside is the upcoming drilling program has a lot of promise. I hope that an offtake partner can be found for Senegal and the market will come to recognise the potential of this stock.

I am a holder of FAR

DYOR

Announcement made, capital raising up to $4 mill, existing holders get to buy up to $5k at 8c each in a Share purchase program.

Funds used for their work programme over the coming monthes.

What do people think?