I think the average world wide discovery cost is approx $US3/bbl, so using $AU4.50/bbl valuation should be a very low minimum.
That equals a FAR share price 27 cents plus the current price 12c = 39 cents.
Circa 3.5 cents per each 100mmbbls minimum.............imo
Ann: Development and Exploitation Plan submitted for SNE field, page-24
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99195 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 2000 | 1 |
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| Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |