Had a looked at some numbers regarding the impact of oil at...

Had a looked at some numbers regarding the impact of oil at FAN-1 not sure if they are right please tell me if I am wrong. If you want to use CNE as a guide this may help. Have made many assumptions but the worksheet provides a hint of what may happen to both CNE and FAR if there is commercial oil found.

A 15% increase for CNE due to FAN-1 is worth about 4c to 8c per share for FAR depending on whether you use $5 or $10 per barrel. Still believe the tight hole policy is working. FAR has now reached what some brokers valued the target price for the stock to be earlier this year. The same broker recommend selling at 4.5c, 6.1c and 5.2c.

Please do not take this to be positive or negative or any form of advice. It is only examples of the what if, and I really hope I got my numbers right. This stock is high risk but high reward, we are no way over the line yet as we need to calmly wait for the new.

IMHO,DYOR and GLTA

	Column 1	Column 2	Column 3	Column 4	Column 5
0	CNE
1	Market Cap	£ 988,290,000
2	SP	£ 1.76
3	Number of Shares	562,487,194	562,487,194	562,487,194	562,487,194
4	FAN-1 Well only
5	Oil Found	900,000,000	450,000,000	200,000,000	100,000,000
6	Value	$7.50	$5.00	$5.00	$5.00
7	Net Value	$6,750,000,000	$2,250,000,000	$1,000,000,000	$500,000,000
8	Share of Well	40.0%	40.0%	40.0%	40.0%
9	Value to CNE	$2,700,000,000	$900,000,000	$400,000,000	$200,000,000
10	Value per share	$4.80	$1.60	$0.71	$0.36
11	Convert to pounds	£ 2.59	£ 0.86	£ 0.38	£ 0.19
12	New Share price in P	434.91	262.10	214.10	194.90
13	FAR
14	FAN-1 Well only
15	Number of Shares	2,700,000,000	2,700,000,000	2,700,000,000	2,700,000,000
16	Oil Found	900,000,000	450,000,000	200,000,000	100,000,000
17	Value	$7.50	$5.00	$5.00	$5.00
18	Net Value	$6,750,000,000	$2,250,000,000	$1,000,000,000	$500,000,000
19	Share of Well	15.0%	15.0%	15.0%	15.0%
20	Value to FAR	$1,012,500,000	$337,500,000	$150,000,000	$75,000,000
21	Value per share	$0.38	$0.13	$0.06	$0.03