FAR win PE and take the 35%...on sell 30% and free carry through to production.
Drill Samo-1 well hit the 325 mmbbls net to FAR sell down 20% free carry to production.
3 years time SNE comes on line with 23700 bopd @ $70= 605 million per yr income for FAR...2 years later the Samo field kicks off... 20,000 bopd @ $70 = 511 million USD, FAR now has an income stream of 1.1 billion USD per year.
My kinda future. DB
FAR Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
