Hi mate. CNE have stated that they will sift 240 mmbbls to 2 P next year prior to FID. FAR's share is around 34 mmbbls. I believe that $12 pb is fair considering CNE state 10% IRR at $35 oil, so 396 million US.....~500 million AU for that alone. This will be booked in the next 12 months.
This does not include any value for the rest of the 2C or any cash or other prospects. AIMO DB
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1 | 50000 | 0.445 |
1 | 50000 | 0.440 |
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