Hi Szaba. I read a little snippet in FAR's annual report, Chairman's review, see below, that will explain a lot around costings and so forth. It would seem that the field will finally be declared commercial in a couple of months so we should find out if Senegal are going to pick up their share and start paying.
I wonder if the JV will book the 2P at this point?
If so FAR will have ~ 33 mmbbls 2C at $10 USD pbo [ conservative ] 330 million USD= 435 million AU, just a tad under our current market cap.....with zero attached for the ~95 mmbbls 2C which at conservative $3 USD = 285 million USD- 375 million AU.... 6.8 cps with no value attached to it.
Have I mentioned Samo-1??Aimo DB
4 weeks till African E&P Summit London, page-2
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