FAR far limited
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Buy FAR & get 70mmbbl 2C for US$2.45/bbl, page-2

  1. hardmano
    16,391 Posts.
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    10/02/16
    17:29
    Post #: 16988221
    nammuldi

    I did very much the same calculation on Monday when the 2C was announced. Yes disregarding everything else that is fair. Th $60m cash will be spent converting the 2C to 2P plus Bellatrix etc, so its more relevant in a takeover. FAR remains attractive to the big players probably up to US$5/bbl for reserves replacement (once 2P is declared) and beyond that it depends entirely on the oil price environment and future expectations.

    H
    FAR Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
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37.0¢ 		Change
0.005(1.37%) 		Mkt cap ! $34.19M
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Last trade - 15.20pm 17/07/2025 (20 minute delay) ?
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