Very Interesting is the Comparison: FAR V GFE
See page 10.
FAR has almost double the area of GFE
FAR have 3D defined prospects - GFE have none
Prospect Potential (Billion Barrels): FAR have 6++ GFE 3.04
Valuation Current:
FAR (west Africa): $30,000,000
GFE (African Petrolium): $500,000,000
This shows that FAR is way undervalued at the current price particularly when the comparison is made to the takeover price of African Petrolium by GFE.
Wilsde
presentation available, page-5
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