If FAR still managed to hold a scaled down 5% interest in the Sangomar oil field and sold the other 10%, it would be looking at a net cashflow of at least $50 million a year, for at least the next ten years. It would probably have a market cap of $500 million today and looking forward to production starting in 2023 with a bright future. I suppose we can blame COVID and the consequent collapse of oil prices for the sale of its Sangomar interest but even if it held only a small 2.5% interest it would at least still have some cashflow to look forward to, which could pay for future scaled down exploration. Total stuff up of a great oil discovery for FAR.
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50.0¢ |
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Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21776 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 94070 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33702 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
3 | 160000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 94070 | 2 |
0.510 | 200000 | 2 |
0.515 | 120000 | 2 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
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