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
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
48.5¢ | 52.0¢ | 48.5¢ | $101.9K | 200.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 48741 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 1786 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41741 | 0.485 |
1 | 5000 | 0.480 |
1 | 10000 | 0.475 |
2 | 65000 | 0.470 |
1 | 50000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 1786 | 1 |
0.500 | 15000 | 1 |
0.510 | 25000 | 1 |
0.520 | 226386 | 4 |
0.530 | 1005 | 1 |
Last trade - 15.59pm 04/10/2024 (20 minute delay) ? |
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