From the official FAR announcement after oil samples were found in the first (FAN-1) exploration drill - Aug 27, 2014.
“The FAN-1 well is designed to test a stacked fan structure with the potential to contain approximately 900 million barrels of oil (mmbbls) (unrisked prospective resources)* with approximately 135mmbbls net to FAR* which owns a 15% working interest. FAN-1 will be followed immediately by the SNE-1 well to be drilled on the shelf targeting approximately 600mmbbls of oil (unrisked prospective resources)* with approximately 90mmbbls net to FAR* (reference: FAR ASX release of 27 February 2013).”
Potentially, a total of 225mmbls net to FAR.
Almost 4 years and many many appraisal wells later and we are at a little over half that.
What odds we can claim +800mmbls at Samo after just 1 well ???
Why 11c !, page-78
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