Their Target Statement should contain the PV10 of the contingent payment due from WPL of USD 55mil. Atleast STAM's lowball offer has forced FAR to reveal the true value of this future cashflow stream over 3yrs after first oil till 31Dec2027. Should b an interesting read when its released.
I think their Advisers need to run the projected flowrates provided by the Operator & model it against the Oil price cap (USD58 to 70/bbl) to have an estimate of FAR's share in that timeframe (ie Base case value, High case vs different sensitivity testings namely Exchange rate, POO, FPSO Efficiency etc).
Ann: STAM takeover offer - letter to shareholders, page-5
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Last
49.0¢ |
Change
-0.020(3.92%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 49.0¢ | $210.8K | 423.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 81996 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 39845 | 1 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |