re: far from successful G'day MoneyTree. Good to see you lurking about.
I noticed you're referring to FAR holding 5% of Beibu in a few posts and for your valuations. While they do hold 5%, if it is commercial CNOOC will take their 50% reducing FAR to 2.5% after payout of half of their exploration/development costs.
Also, I noticed you use AUD$20/bbl in ground value for the oil which I think is OK given nearby developments, many would say is too much for offshore oil.
I read the announcement yesterday that defined "many millions" as 60-100 Mill in place. Given previous announcements claiming the potential for high %recoverable, gives 36-60Mill recoverable. Using the same in ground value of $20 and FAR's 2.5% share gives it a value to FAR of $18-30Mill.
great success at eagle for far, page-40
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |