FAR 0.00% 52.0¢ far limited

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

  1. 3,370 Posts.
    lightbulb Created with Sketch. 309
    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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Mkt cap ! $48.05M
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No. Vol. Price($)
1 17440 51.5¢
 

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54.0¢ 22471 1
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Last trade - 15.41pm 09/07/2024 (20 minute delay) ?
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