15% of 563 million is 84,450,000 eighty-four million four hundred fifty thousand barrels of oil to FAR (NET).
Now the real question is - how much profit per barrell is there? - According to FAR's latest investor presentation the NVP is US $12.50 per barrel at FID US $70 per barel.
So IF the Price of Oil ever gets to $70 per barell (currently $51 per barrel) then I believe the following calculation would be accurate:
84 million barrells net to FAR x 12.50 = 1 billion and fifty million dollars.
Now assuming we have 6 billion shares on issue. 6 billion (shares) / 1 billion (dollars)
= 0.16.6cents (in USD). Now 1 USD currently equales 1.27 AUD. So 16.6 x 1.27 = 21.082 cents per share.
Now this requires POO at US $70 and assumes an NVP of $12.50 (see FARs latest presentation).
Does this look accurate? - seriously - please feel free to go to down on my maths. I want to get this as accurate as possible.
Ele.
FAR's response to CNE's, page-3
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |