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.
- Forums
- ASX - By Stock
- FAR
- Ann: Gas discovered at Bellatrix, Fourth appraisal well confirmed-FAR.AX
Ann: Gas discovered at Bellatrix, Fourth appraisal well confirmed-FAR.AX, page-74
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
48.0¢ | 50.0¢ | 48.0¢ | $13.87K | 28.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24580 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 16934 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24580 | 0.480 |
1 | 40000 | 0.475 |
2 | 78150 | 0.470 |
3 | 160000 | 0.465 |
1 | 30000 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 20956 | 4 |
0.520 | 25000 | 1 |
0.530 | 10000 | 1 |
0.550 | 12285 | 2 |
0.590 | 5000 | 1 |
Last trade - 15.46pm 26/06/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |