A$10/bbl NPV basis would be better. A starting guesstimate for recovery (= saleable) bbls would be 30% (??) -> P50 950MM STOOIP * 30% * 15% FAR share = 43 MMSTB ~ $0.16 (using 2700 MM shares).
Given the now upgraded value of the rest of the Senegal acreage (no longer moose pasture) I reckon the current market price is low especially if you take into account a $0.03 "base" value. I've put my money where my mouth is this morning and bought more at $0.13 - taking a punt on the other prospects and upside volumes. 50-50 though - volumes could disappoint on the downside and recoveries could be much lower if the various sands don't connect.
My uninformed opinion only - DYOR
FAN-1 Discovery, page-112
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $19.19K | 38.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53135 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 357 | 2 |
View Market Depth
| Last trade - 13.21pm 30/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |