Dangar,
I understand $10-$15 to be the value of oil "in the ground".
e.g. If you have an asset of 1mill bbl in ground, then you could expect $10-15 million to be reflected in the market cap.
The difference between the quoted oil price (eg West Texas crude)and the $10-15 is taken up by production costs, royalties, amortisation of exploration costs, etc ......
but then I'm no expert in the area.
far prepares for senegal, page-8
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26752 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 109917 | 4 |
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| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |