FAR follows in Hardman's footsteps

HARTELYS says FAR Limited's decision to successfully tap capital markets for an additional $40 million has solved any short-term funding issues, and that the junior still deserves its speculative buy recommendation with a 12-month target price 16c per share.

Energy analyst Simon Andrew says that not since the days of Hardman Resources, Oil Search or Karoon Gas Australia has an ASX-listed oil explorer been involved in such an extensive drilling program, in