It seems my numbers have been challenged, so I will lay them out for clarity. People can do their own calculation.
Cairn's August 2016 NPV numbers are as follows
Then using the $US70 per barrel NPV of $US12.50 @ FID, and using FID Senegal 2019 (1 years time) and 2027 (9 years time for Gambia), Senegal FAR 13.7% intertest and in Gambia FAR 36.1% interest, and a discount factor of 10%.
ie Line 1 (12.5/1.1)*(561,000,000*0.137/.71)/5,462,000,000 = $0.23
Line 2 [12.5/(1.1*1.1*1.1*1.1*1.1*1.1*1.1*1.1*1.1)]*[800,000,000*4*0.137*0.66/.71]/5,462,000,000 = $0.40
Total = $0.62.
At $US80 per barrel a total of $0.82. ie between $0.70 and $0.80 as I said in post above.
Note the market is only paying $0.11 for Senegals $0.23 value.
Obviously a big player will not pay $0.80, hence why I said 40 cents with a successful Gambia drill result at end November.
As Mr Hustler says Gambia could be more important than Senegal.
Hopefully Trumpie doesn't spoil it.
IMO and DYOR.
- Forums
- ASX - By Stock
- FAR
It seems my numbers have been challenged, so I will lay them out...
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5356 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 59999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30878 | 0.500 |
1 | 30000 | 0.495 |
2 | 28930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.525 | 69690 | 1 |
0.530 | 30000 | 1 |
0.535 | 30000 | 1 |
0.540 | 52471 | 2 |
0.550 | 82295 | 3 |
Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |