AFR Article, page-4

That $150M would have been prior to the added sidetrack costs of the last drill and two quarters of Admin & salaries. FAR have stated in the last quarterly that they have AUD $56M and if you add the US $55M (AUD $77M) to that figure you are left with AUD $133M.

No one is going to buy FAR for 100% value. $100M would be a good price but I doubt we will get that price due to the reason below.

Whoever buys FAR are taking a risk that the US $55M may not be paid in full as it is contingent on production milestones and the Brent price remaining above US $58\bbl over a 3 year period once production commences. So it's a call option on the oil price and requires WPL to produce the required oil the earlier of either the expiry date in 2027 or 3 years after commencement of production.