The true value of FAR, page-30

A production well would be worth more than $4 / Barrel 100,000,000 X 10 = 1 billion dollars
Div by 5.5 billion = .18c at $10 . per Barrel. 10 years ago the market was paying 10 per barrel for C2 estimates . Another way is to value FAR is by the profit margin of the production well SNE cost of getting oil out is $35=$40 oil is trading at $50.

So the real Value is 18cents plus any other leases that have potential to add value.
Take over value of FAR would need to be at least 22-25 cents today.

Chass