Buy FAR & get 70mmbbl 2C for US$2.45/bbl

  1. 3,743 Posts.
    lightbulb Created with Sketch. 396
    so correct me if wrong and i have rounded up for ease of calcs and disregarding cash and sunk costs to date etc

    MKT CAP - A$0.068c by 3.6billion shares on issue - A$245m

    Conv to US$ mkt Cap ( 70c in dollar) - US$172m

    SNE 70mmbbls 2C cont resource nett FAR

    therefore disregarding anything else in FAR portfolio - FAR at current mkt cap of US$172m values SNE resource at US$2.45/bbl.

    Include other prospects, FAN-1 - it obviously gets well below US$2.45.

    still looks attractive when even disregrding other prospects and the fact that oil price is US$30??
 
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(20min delay)
Last
38.0¢
Change
0.030(8.57%)
Mkt cap ! $35.11M
Open High Low Value Volume
36.0¢ 38.5¢ 36.0¢ $48.27K 131.0K

Buyers (Bids)

No. Vol. Price($)
3 71186 36.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.5¢ 16000 1
View Market Depth
Last trade - 15.42pm 14/07/2025 (20 minute delay) ?
FAR (ASX) Chart
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