CAIRN 2014 Report Published!, page-17

That would be just for SNE. $7.50 is quite generous I would have thought in this oil environment, even though
FAR were originally working on this assumption {they attributed $7.50 to FAN1 and an even higher valuation from
memory to SNE}. They were made when the POO was more around the $75 mark, from an email by Cath, of whom
I can't remember the recipient. Wilson's interestingly enough attributed the same metric only recently,
although I think it was in $US which is even better.

If the market does attribute $7.50 to 45mmboo net to FAR, then SP would be 11c + 1c {cash} + 2c{other assets}.
An upgrade in other prospects and their COS together with Kenya et al, probably warrants a value around $60m. 14c
total SP then.

GLTAH