Hi Gazzer
After my dodgy maths was exposed - in a very kind way, I should add - by Linc, I’d be more inclined to use his numbers:
Mate...13.5% of 100,000 barrels a day gets FAR about 5m barrels pa which is about $123m (at $25np)
So around 2c NP per share at roughly 6bn shares..or 16c per share.
The 16cps refers to FAR being valued at that based on an earnings multiple (PE) of 8.0 - assuming FAR nets $25 per barrel. Market cap would therefore be roughly a billion dollars.
Adjust the assumptions as you will to fiddle the outcome, but I’d suggest the biggest factor would be the oil price. $100 oil would blow these numbers away. It would also produce a double whammy because the market would apply a higher PE in my opinion.
OOO
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Last
49.5¢ |
Change
-0.010(1.98%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
49.5¢ | 50.5¢ | 49.5¢ | $94.59K | 189.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 69438 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 22471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 104000 | 0.500 |
4 | 219438 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
3 | 210000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 25031 | 2 |
0.510 | 201000 | 3 |
0.515 | 103300 | 2 |
0.520 | 335203 | 4 |
0.525 | 100000 | 1 |
Last trade - 15.38pm 29/08/2024 (20 minute delay) ? |
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