Well yesterday marked another milestone, FAR's MC past $700M for the first time, or about A$6 (US$4.4) barrel for our 115 Mmbbls 2C. There is certainly plenty of scope to move upwards from US$4.4 barrel as those resources convert to reserves.
If it can hit $700M on the strength of Our 115 Mmbbls 2c in Senegal, then I really look forward to seeing what another 412 Mmbbls ( assuming 50% of our pre drill esrtimate) could do coming from Gambia...I would be very happy with half that.
Exciting times as the market starts to realise what FAR has, with or without success in Gambia...
Cheers Whisky
Consolidation, page-44
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Mkt cap ! $45.28M | |||
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