Mojo,The investment thesis for FAR runs something like this:
· FAR own 15% (13.7% assuming Petrosen backin) of the 485 MMstb Sangomar, the 3rd largest conventional oil discovery in the last 10 years
· Economic analysis assesses that FAR’s equity has a present-day value of A$794m (US$540m @ 0.68 FX)
· Far are now funded for the development
· Current market cap <A$300m
· Upside with recovery factor
· Upside with extension into Gambia
· Upside compared to market peers
· Upside with PE either way, due to removal of uncertainty
The bridge between current market cap of <$300m market cap and a $800m market cap, or more, will crossed over the next 3 years as the project is constructed and production begins.
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Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $42.97M |
Open | High | Low | Value | Volume |
47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3338 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 199900 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 90826 | 0.455 |
3 | 90921 | 0.450 |
1 | 50000 | 0.445 |
1 | 50000 | 0.440 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 199900 | 2 |
0.500 | 10000 | 1 |
0.510 | 220895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
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