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
A$10/bbl NPV basis would be better. A starting guesstimate for...
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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 |
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| Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |