FAR 0.00% 50.5¢ far limited

CSFB likes FAR, page-54

  1. 16,595 Posts.
    lightbulb Created with Sketch. 3977
    Yes but spinner FAR only have 85 mmbbls not 280 mmbbls. The 195mmbbls is set at a price of ~$2.20 as per the WPL deal 430 million. If you value FAR 's oil at $5 is another 425 million....$855 million to get 50%... or $3.05c per barrel.
    If FAR's oil was priced at $10 = 1.28 billion or $4.57 per barrel average.
    There is no doubt FAR could be paid a hefty premium to get 280 mmbbls and would still work out cheap for the buyer.
    Maths is not my strong suit so be gentle. DB
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.