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
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10069 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 22471 | 1 |
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| Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |