And you could have said the same in 2016 when WTI traded at $26. The sale price is US $2/boe. Show me some examples from around the world except in the middle east where anyone can discover low cost oil at US $2/boe and the asset already at FID. Cashed up hedge funds are renown for identifying short term money making opportunities to name just one possible group of buyers. Any producing company looking to replace depleted reserves are also an option. For US $100M purchase price plus US $400M capex anyone buying the 9% would recoup their money in just over 4 years of operation and the next 20 plus years would be massive profits on their initial investment. We're talking 23% profit per year after year 4. That allows no upside in recovery, future drilling & tie backs. For anyone with the cash the investment at the right price offers outstanding value.
FAR Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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