Is FAR a Billion dollar company?, page-11

Given CNE are saying the exploitation plan will be delivered in June....who else believes this may be the time CNE announce it as commercial, book reserves and the government start paying for their share.
If they do book reserves then it will IMO make a major difference to FAR's valuation.
33 mmbbls 2P @ $10US = $440 million AU
95 mmbbls @ $3US = $380 million AU
Even if you discount it all by 30% its still 143 million AU above today's SP.....that would be
$7 US for 2P and $2.10 US for 2C....below what WPL paid.
That's 15.2 cents per share.
Zero value for about 2 billion barrels prospective with 825 of that about to be drilled in 6 months or so.
330 mmbbls net to FAR
Add it all up on the high side, assuming Samo-1 does the right thing,
= $2.14 billion AU or a touch under 40 cents per share.
On the low side $1.48 billion AU or 27 cents per share.
We might have as little as 6 months to wait.
I don't know about you lot but I see value written all over FAR atm. AIMO DB