Re: "Even great news will have limited impact in this market"
Hi OOO
FWIW, here is a comparison of my spreadsheet returns for FAR market price for today and a month ago (using the same oil valuation bases as posted previously, adjusted for latest $A, share issue and oil price).
For results consistent with progress towards 500mb SNE + 170 BEL:
Column 1 Column 2 Column 3 0 3 well progress to assumed proven 500 11th Oct 15th Nov Post issue 1 Brent US$52.5 US$45 2 FAR market price 0.090 0.080 3 Table returns for SNE 1 0 proven 330 contingent: 0.080 0.067 4 Table returns post SNE 2 250 proven 140 contingent 0.109 0.085 5 Table returns post SNE 3 330 proven 130 contingent 0.125 0.095 6 Table returns post SNE 4 390 proven 110 contingent 0.141 0.107 7 Add success at Bel 1 8 Table returns SNE+BEL 390 proven 280 contingent 0.169 0.128
I am hoping to do a full Nov update post full resolution of the issue numbers and any market antics next week.
pj
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