Very reasonable indeed! The JV has essentially stated that they have over 1 billion barrels just in the curent block and that's fully risked (unrisked would be well over 2 billion). FAR's 13.7% of that is around 150m barrels. So even at $5/barrel average ($10 for 2P CR, $5 for Prospects and $2 for Leads) that values FAR at well over 20 cents. Not likely we will se that prce tjogh until successful appraisal or a "liquidity event" to quote Philip!
H
FAR Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
