Ann: STAM takeover offer - letter to shareholders, page-11

If FAR still managed to hold a scaled down 5% interest in the Sangomar oil field and sold the other 10%, it would be looking at a net cashflow of at least $50 million a year, for at least the next ten years. It would probably have a market cap of $500 million today and looking forward to production starting in 2023 with a bright future. I suppose we can blame COVID and the consequent collapse of oil prices for the sale of its Sangomar interest but even if it held only a small 2.5% interest it would at least still have some cashflow to look forward to, which could pay for future scaled down exploration. Total stuff up of a great oil discovery for FAR.