It's been played beautifully,
Was worth (on current information at the time) $2,
With new data, and a few more holes analysed, it's worth potentially 4-5x that.
So, the cost to FAR may be in the $1-$2m range and the payback is 4x "A lot" x (probability of success, or in oil terms COS) = mucho money for those businesses that don't believe electrification will kill the O&G world completely. Remember China - 11m bopd...
There is a reason wholesale money has been convinced to buy up large chunks of FAR. wholesale money is not pressured like the retailer to "get rich quick". They wait. I wait.
Cairn has sold 30% of Its Senegal play to BP inc operatorship think Exxon the low bid., page-170
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10069 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 22471 | 1 |
View Market Depth
| Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |