FAR (FAR) $ 0.079
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.