And whilst the tide is turning for Senegal, the AUD is turning down further against the USD
With the RBA yesterday stating they want to drive it down further.
"Should Cairn’s expectation of the joint venture being on to a one billion-plus new oil province come to pass, the NPV number for FAR cranks up to $US1.5bn ($1.86bn or 60c a share)"
$1.5B USD is now 1.5X1.42 = $2.13B AUD, Yesterday we closed at $217M Market Cap @ 6.7 cents.
2.13B / 217M Market Cap = 9.8X
9.8 X 6.7 = 65.66 cents
The above is at a 1B sized field, if we are 3B+ per the Jubilee comparison the mind boggles
FAR Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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