P90 estimates as per official announcements released so far total 400 mmbls ( 60mmbl net to FAR) which @ $5 per barrel equates to $300M. At this stage of the game, that is apparently what the market is valuing the Senegal prospects at.
Very good oppurtunity for significant reward compared to the current risk IMO.
Well that's my reason for topping up with another 100K shares today.
FAR SP, page-29
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 50.0¢ | $2.305K | 4.609K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17688 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 88712 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |