The Placement is to provide the Company with additional working capital for further appraisal and/or drilling work on the Surprise prospect discovery in the Amadeus Basin and to augment working capital which will ensure Central has the flexibility to pursue a number of farm-outs which are in the best interests of shareholders whilst also maximising the Company's acreage valuations.
What does F/O stand for?
F/O stands for Farm-Out (oil & gas)
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of F/O
We have 11 other meanings of F/O in our Acronym Attic
- Frame Format
- Fully Furnished (apartments and rentals)
- Frequency/Hour Ratio (ventricular arrhythmia)
- Formerly Known As
- Fault Locate
- Forward Link
- Food to Microorganism ratio
Samples in periodicals archive:
The Company holds a 100% working interest in all of its permits and application areas other than the Simpson, Pellinor, and Bejah prospect blocks within EP97 where the Company has a farm-in agreement with Rawson Resources Limited, and the Mt Kitty and Magee prospect blocks within EP125 and EP82 respectively which are the subject of a farm-out to Oil and Gas Exploration Limited.