You have to ask yourself though is FAR better value today than it was at any time since the discoveries?
I personally think it is.
Proving up the field is over, we have a defined resource that ~ 250 mmbbls will be shifted to 2P inside 12 months most likely giving FAR a valuation at $12 US bbl for 2 P reserves of ~ $411 million US....which includes nothing else....zero value for any 2C or any other prospects within SNE or externally...or cash. DB
Has anybody made any money on this?, page-54
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46.0¢ |
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Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
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