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2.02% 50.5¢ far limited

Has anybody made any money on this?, page-54

  1. Davy Boy
    16,592 Posts.
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    09/09/17
    10:09
    Post #: 27103647
    You have to ask yourself though is FAR better value today than it was at any time since the discoveries?
    I personally think it is.
    Proving up the field is over, we have a defined resource that ~ 250 mmbbls will be shifted to 2P inside 12 months most likely giving FAR a valuation at $12 US bbl for 2 P reserves of ~ $411 million US....which includes nothing else....zero value for any 2C or any other prospects within SNE or externally...or cash. DB
    FAR Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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