A lot of interesting/new info on page 15 -
* still showing Fan-1 as only 16% chance of discovery. If regard this as now unrisked then adds another 107.7mmbbl to FAR
* SNE-1 now showing as 25% CoS - looks conservative in light of Fan-1
* Other prospects and leads (7 named) - now showing Prospective Resources with 11% CoS (11 rather than 10 seems to convey a degree of confidence but still quite a low figure
* All Prospective Resources 100% OIL. Presume any Gas credits would be a bonus (if recoverable)
* Other prospects and leads are 126% of Fan-1/Sne-1 combined (Unrisked basis)
* If we assume Fan-1 and Sne-1 to be Unrisked, total Senegal Net to FAR is 180.5mmbbl. At $A10/bbl in place, that represents 66c/share. If Fan-1 came in at better than their figure of 936mmbbl (say 1,500) then goes up to 95c/share
* And this is Senegal only - I agree with some others that Kenya should be even bigger
DYOR
A lot of interesting/new info on page 15 - * still showing Fan-1...
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Last
50.5¢ |
Change
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Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
| 4 | 13859 | 50.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 20000 | 1 |
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| FAR (ASX) Chart |