FAR 1.05% 48.0¢ far limited

Far to be bought out of Sne / Fan

  1. 153 Posts.
    Wpl want 50%JV to become operator at Sne /Fan, far have the magical 15% key and as the drillbit turns it's worth more and more.Long ago Farjoy stated there was 12 billion barrels of oil Sne/Fan with approx 50% recovery = 6 billion barrels a $5.00 inground value $30billion.50% is worth 15billion , so far they have proved there is more than 3 billion barrels of oil across the lease, more drilling will prove.If Far sell their 15% to Wpl for $5billion, wpl have 50%JV worth $15billion dollars and operatorship.Giving each Far share worth $1.00 per share @ 5 billion shares on register.Far 15% valuable key is becoming very expensive quickly to gain operator of this Sne/Fan field.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.