Ann: Annual Report to shareholders, page-79

Senegal Net Carry Value: USD 116.995489 mil
So add some premium to this fo rthe 2P2C 28+32 mmbbls (as an example COP had USD285mil book value & a sale of 442mil)

So using those figures then FAR's sale price could potentially be US $184M with no premium added for 2P2C all things being equal. That is worked out by dividing COP's 35% equity into the US $157M profit above book value and then multiplying by 15 and adding FAR's book value.

$157M\35 = $4.48M profit per % for COP
$4.48M x 15 = $67.2M to convert to FAR's potential profit using COP scenario

Add book value of US $119M + Profit over book value of US $67M = US $186M (AUD $301M @ 61c exchange rate)

Can only dream I suppose.

If by some remote chance that this was to occur then the next big worry would be FAR management running around with a potential AUD $450M trying to buy a project to justify their existence.