FAR 0.00% 50.5¢ far limited

If FAR still managed to hold a scaled down 5% interest in the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,333 Posts.
    lightbulb Created with Sketch. 1041
    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.
    Last edited by The Mechanic: 11/02/22
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
50.5¢
Change
0.000(0.00%)
Mkt cap ! $46.66M
Open High Low Value Volume
50.5¢ 50.5¢ 50.5¢ $2.525K 5K

Buyers (Bids)

No. Vol. Price($)
1 13568 50.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 345490 5
View Market Depth
Last trade - 10.02am 01/11/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.