FAR (FAR) $ 0.079

The Sunday Times - - PERSONAL FINANCE - Alan Hill State One

Like most stocks in the oil and gas space, FAR has ben­e­fited in re­cent weeks from a strength­en­ing oil price en­vi­ron­ment, mainly due to po­lit­i­cal changes in Saudi Ara­bia. How­ever, at cur­rent share price lev­els the share still of­fers sig­nif­i­cant up­side po­ten­tial rel­a­tive to its IRESS con­sen­sus tar­get price of $0.14. In the Septem­ber quar­ter, FAR re­ported con­tin­ued suc­cess in its drilling pro­gram off­shore Sene­gal. Funds raised in the June quar­ter leave the group in a well-funded po­si­tion for 2018 and into 2019.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.