I’ve said it many times...there’s no way CNE is going to first oil at 40%. So they’re farming down. But they have two advantages over FAR. First they are well funded to stay in the JV for a couple of years whilst they progress farm down. Second they have an equity stake which will interest the type of big hitter interested in Sangomar (eg CNOC etc). And of course they’re a company you’d be happy to do business with (eg they don’t embroil partners in court cases and they don’t default on their bills). So Davy don’t try to suggest that CNE is in the same boat as FAR.
Extremely Rough Value Calculation, page-475
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99195 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 2000 | 1 |
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| Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |