It's been touted Samo being an obvious company maker should it be found commercial. Success there alone would be euphoric, but what about tying this back to PE?
Imagine PE is then a success later next year. FAR would then have the right to buy the 35% holding at $2.20USD/barrel per the agreement (though let's acknowledge we don't know what baggage comes with it behind the scenes).
At that time, surely far can on sell success at Samo for much higher. At $6.60USD/barrel would indicate Far would have the opportunity to convert every 1 barrel they hold in Samo to 3 in SNE. One would assume SNE is ahead from a development point of view, so FAR could be multiplying their success to 3 times what it was, while bringing the potential future earnings forward (i.e. not waiting for Samo to develop and instead benefiting from SNE development sooner).
Samo could make the company alone, but with the options it would bring, it could have a much more significant impact on Far than it might appear if you just think inside the box.
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Last
52.0¢ |
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Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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0.520 | 96060 | 2 |
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