FAR 1.03% 49.0¢ far limited

Ann: Gas discovered at Bellatrix, Fourth appraisal well confirmed-FAR.AX, page-74

  1. 1,377 Posts.
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    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.
 
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