Am wondering if, after CN's Q&A you got the impression that all or most of the 29m is Beer??
Quote CN:
"The fact that we have assessed to date 29 metres of net pay over a very large area resulted in the Operator announcing an estimate of 950 million barrels of oil in place on a P50 basis. As a joint venture, we are yet to finalise our assessment of the net reservoir, but if we apply a 30% recovery factor to this oil in place estimate then we have another large discovery in FAN-1. What is particularly exciting about FAN-1 is that we did not reach the oil-water contact in the well. This means that the size of the potential pool of oil could be much larger than we have estimated and significantly larger than the SNE-1 discovery"
FAR TV Live Chat with FAR CEO Catherine Norman, page-91
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $2.525K | 5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13568 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 345490 | 5 |
View Market Depth
| Last trade - 10.02am 01/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |