Was crunching the numbers on FAR ....
Drilling of Bambo-1 well, offshore The Gambia
The Gambia
Blocks A2/A5 (FAR 50% WI and Operator)
prospective resource of 1,118 mmbbls
559 mmbbls net to FAR
Oil price is approximately $80 per barrel.
At FAR's current market cap, there is easily a 20+ bagger in this.(this may need serious revision UP!)
This is supposed to be analogous with Sangomar.
The FAR team are without a doubt, proven at finding oil off the west coast of Africa!
FAR are really good at finding oil.
Here we go again....sigh...another prospective elephant oil field.
Must the Samo-1 brother.
without being funny...
Lets say USD$40 per barrel * 559, 000,000 = approx USD$22 trillion
This is definitely within the realms of possibility!!!
This upside is CRAZY!!!!!!
Holy BATCOW !!!!!
If this has oil...they could buy The Gambia !!!!!! Lol
Just as well I put a ridiculously low figure of $11 billion dollars on this heading!
Somebody else...crunch some numbers... and reply.....PLEASE!!!!!
This is off the richter scale in terms of potential and market cap rise!!!!!
This stock is looking very cheap to me.
$11 Billion reasons
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45.5¢ |
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Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
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