further gas shows, page-25

re: further gas shows / paulhart Although the market might value it at A$2 per '000cft it's probably going to be worth a fair bit more than this to FAR. I checked and FAR do receive USD 6 per '000cft as their price, less royalties and taxes. I know development costs need to come out of this and FAR's share for the current well costs are going to be about USD400K (9% of USD3.5m - 2.5m Drillling and 1m development costs). Assuming another couple of wells are needed at a similar cost FAR's share will be another USD1m. That still leaves a value of about USD25m to FAR out of which ongoing production costs must be paid. I think the real value to FAR will probably be somewhere around USD15-20m in value over that next few years.