Let's just dream for a moment;
- If our Senegalese permit has 6,000 million barrels, with 30-40% recoverable (midpoint .35)
- And the rest of the oil quality is light
- Valuation in ground we should have ~ $25 USD
- FAR's share is 15%
- USD to Australia - lets use 1.14
So 6,000 X .35 X 25 X.15 *1.14 = $8,421M AKA $8.4B
Jubilee anyone?
Trading Halt on SEN-1, page-141
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