I bought some more FAR stock. Now confident SNE will go into Production at some point.
If SNE field turns out to contain 1.5 billion barrels of oil, FAR has 15% then you can pick it up for A$0.63c per barrel by buying FAR stock (1,500,000,000 x 0.15/356,000,000).
Even if only 50% recoverable, that's still A$1.26 per barrel. I don't know what profit margin you'll get after CR dilution for going into Production, but it'd still be worth your while.
Check out the list of all Oil fields greater than 1 billion barrels:
https://en.wikipedia.org/wiki/List_of_oil_fields
SNE could one day join that list.
Ann: Gas discovered at Bellatrix, Fourth appraisal well confirmed-FAR.AX, page-74
Add FAR (ASX) to my watchlist
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 45.5¢ | $176.1K | 380.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 98595 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 46.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
-0.005 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| 45.5¢ | 45.5¢ | 45.5¢ | 675 | ||
| Last updated 11.07am 14/06/2024 ? | |||||
| FAR (ASX) Chart |