My simple logic is based on the recent upgrade including FAN, we...

My simple logic is based on the recent upgrade including FAN, we have 2C reserves of 123M allocated to FAR.
(Excludes Gambia & all other prospects).

Recent preso in March used figures NPV/bbl : US$12.50/bbl* ($70 oil) (or $16.23 AUD @ 0.77 ).
I think this number originally came from a Cairn reference/valuation.

Multiplying these you get approx 2 Billion AUD (or 40c share).

You might argue about the figures, but even if you conservatively HALF them, you still get FAR to be a billion dollar company!!

Why are we languishing at 8c?
Sure there are project risks, financing to be sorted, sovereign risks perhaps in a developing country, oil cycle risks always (but coming out of a low cycle with limited exploration investment), and technology and renewable energy risks (probably longer than everyone thinks).

Given all of these, and after carefully reviewing my investment to date after a disappointing few years, I'm thoroughly convinced about the future here and will keep topping up where monthly expenses allow.

PE resolution would just add further value and just my guesstimate agreeing with some other threads is a practical negotiated settlement somewhere in the region of $50- $100M added bonus or couple of cents to SP.

GLTAH.