FAR 1.04% 48.5¢ far limited

FAR, page-4

  1. 215 Posts.
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    rijdij


    Nice discourse above.


    See below excerpt from Cairn Energy August 2016 for NPV per barrel @ FID.


    The income doesn't start at year 1, but some time into the future with a number of years of zero income, and it takes probably 15 to 20 years to deplete each field.


    So assuming SNE FID at 2019 (100 mmbls to FAR) and The Gambia in say 6 years time (300 mmbls) your $2.31 in line

    https://hotcopper.com.au/data/attachments/1326/1326093-e61e1d438ac3b67959a622f1f501370f.jpg

    approximates to $0.70 to $0.80 in todays $s @ $US80 per barrel oil. Each year hence the value increases as each year marches forward and the time value of money increases.


    Anyway $0.70 to $0.80 is not to be sneezed at, and should bring at least 40 cents to FARs share price in late November with a successful drill result.


    What is also not being accounted for is that there are other oil reservoirs that haven't been explored in the Senegal and Gambia  blocks.


    DYOR.


    https://hotcopper.com.au/data/attachments/1326/1326080-eb760f9fa59862bab22edca3226162b5.jpg

 
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