I 100% agree with you Mechanic.
I think that if this is a reasonable size oil field, then FAR will sell a majority of it share. I suspect this will reduce the expect sale value that Woodside have in mind. I suspect that Woodside would be considering a premium to sell part of its adjacent SNE field, but the simple laws of economics - supply v demand will determine the sale value.
so, FAR sells its share at a reasonable price, will this jeopardise Woodside strategy? They may be forced to keep and develop the 85% holding they currently have! Thus more cashflow requirement for Woodside to develop its SNE field, if the Gambia has a reasonable find. It will remove a potential buyer for Woodside and potential impact on it’s return on investment - and cashflow.
so - depending on whether FAR find oil and the size of the field, I reckon, Woodside may make a play on FAR - especially as The Mechanic mentioned - if the share price is low. A move on FAR may prevent FAR from scuttling it’s plans and ROI. All speculation on my part. Others thoughts? Has this the potential?
everything has a price - it depends on the value it can create in the buyers eyes.
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10069 | 52.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 22471 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10069 | 0.520 |
3 | 110000 | 0.515 |
2 | 35000 | 0.510 |
2 | 45521 | 0.505 |
1 | 29878 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 22471 | 1 |
0.550 | 82295 | 3 |
0.600 | 25953 | 2 |
0.610 | 2000 | 1 |
0.000 | 0 | 0 |
Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
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