he price of oil has dropped 30$+ pr barrel
If we think in terms of 300 million barrels as SNE may have..that is 300million x 30$ = 9 billion $ value lost.
Given that oilers look well into the future, the value of FAR has still dropped considerably. And the price of oil, it may stay low for a long time.
This is why I asked earlier on this or another thread, what would be the lowest value for oil to keep a company's oil play worthy of continued well work? Maybe their plans for the future will have slowed down.
green finish today, page-35
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Last
46.5¢ |
Change
-0.015(3.13%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 46.5¢ | $3.174K | 6.826K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53774 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2400 | 1 |
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| Last trade - 15.59pm 01/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |