Actually White noise,
In triangulating your logic around the valuation of what CVN should be hitting valuation wise, please let me know if I am correct in leveraging your formula;
http://www.smh.com.au/business/mini...l-offshore-oil-discovery-20141008-10rpyq.html
- States that FAN-1 most likely has 950 million barrels, with 30-40% recoverable (midpoint .35)
- We understand that the quality is light
- By your valuation in ground we should also have $25 USD
- FAR's share is 15%
- USD to Australia - lets use 1.14
So 950 X .35 X 25 X.15 *1.14 = $1,421M AKA $1.4B
White noise, can we please have you look through these assumptions using your experience and let me know if this is correct?
Email response from FAR, page-106
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.5¢ |
Change
-0.003(0.50%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.3¢ | 49.5¢ | $74.71K | 149.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37432 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 202895 | 4 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |