If results are good and as expected, FAR will reopen at $5-$7.50 and over the coming months will go to $10. Assuming everything goes to plan and the oil field starts producing at 100,000 per day which is expected, that equates to $2.5 billion USD in revenue at an oil price of $70 USD per barrel, with a 50% interest that's some big profits for FAR for many years and some big dividends during the life of the well for FAR shareholders. I won't be selling all my holding will be keeping some for the long term and for the dividends.
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Potential Bambo Well's Objective Values estimated on NPV of Oil Insitu, page-14
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Price($) | Vol. | No. |
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0.475 | 6667 | 1 |
0.480 | 1519 | 1 |
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