Had spoken to CN recently to clarify a question I asked at the AGM re: PE doc , I assumed that this contract clause would have been O & G SNE specific but it's not , it's a general clause used by all industries and importantly has been 'tested' so no need to unscramble the egg that's COPs problem ,It would appear a PE reset is the objective . Just waiting on the ICC to appoint the chairman which is close and this could apparently be resolved quickly . With big oilers backing us , CNOC and Petronas and the Admiral ,funding shouldn't be an issue .
FAR have a fig $4.50/ bbl 2C and $10 bbl US @ FID ,presumably that's what we're after so double what COP sold it for and this was based on conservative 17% RF CNE numbers , our 641 million bbls is approx 21% RF ,since then we have 3 successful wells and very importantly confirmed connectivity . The field has grown from 350 km2 to 590km2 , PESA interview with CN And Granger dec 17 , if you increase the RF to 30% - 35% which appears to be historical recoveries on these types of fields then this is a monster . Forget about the CNE geo quoting this is a billion barrel field , if you extrapolate the numbers it's much larger .
So big fields 'only get bigger' and Samo is apparently larger again ! Has the hallmarks of HDR again just hope we're we don't get cleaned up before we get to that $1.00. OOO
- Forums
- ASX - By Stock
- FAR
- SNE and PE
SNE and PE
-
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.19M |
Open | High | Low | Value | Volume |
44.0¢ | 45.0¢ | 43.5¢ | $173.0K | 394.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 75664 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 75664 | 0.435 |
2 | 48608 | 0.430 |
1 | 50000 | 0.425 |
2 | 79261 | 0.420 |
2 | 58724 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 98563 | 7 |
0.460 | 1260 | 1 |
0.475 | 15383 | 1 |
0.480 | 3200 | 2 |
0.495 | 26200 | 2 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
44.0¢ |
  |
Change
0.000 ( 1.15 %) |
|||
Open | High | Low | Volume | ||
44.0¢ | 44.5¢ | 43.5¢ | 82596 | ||
Last updated 15.10pm 03/05/2024 ? |
Featured News
FAR (ASX) Chart |