Hi KKW
Nice numbers.
The problem is that although SNE been upgraded, the field is still totally un-delineated. They have no idea (proven) where the edge of the field is.
So the upside is still enormous in my view, 3S mega still in play.
WPL knows this and they should just try a knock out bid for FAR which has to be 20 to 25 cents.
Then for WPL the PE problem disappears and they buy FAR resources very cheaply.
For FAR having released the SNE numbers you have to ask what is the whole company worth?
But most would sell for 25 cents I am afraid.
News: UPDATE 1-ConocoPhillips hits snag in Senegal deepwater stake sale to Woodside, page-55
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $4.85K | 10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31741 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 200000 | 1 |
View Market Depth
| Last trade - 10.04am 07/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |