What is the best way to play the Mbawa drill in the next few months.
A holding with PCL or FAR based on current MC’s of both stocks.
PCL-220m
FAR-90m
If Mbawa holds the accumulation of oil that interested parties are hopeful on, PCL are obviously going to be worth more than 220m, perhaps 400-500m (35c SP)
In the event of a discovery, what is FAR’s likely potential
150ish m coupled with some positive l6 seismic activity
We know some of the mbawa may flow onto FAR’s licence area in which they hold 30% interest, opposed to PCL’s 15% of the Mbawa prospect
So in effect, if mbawa hits some oil, FAR’s 30% of the overflow into their prospect may actually be the same amount of oil as PCL’s 15% of the actual target
Perhaps FAR has a lot of catching up to do if Mbawa is successful….10c+ perhaps
- Forums
- ASX - By Stock
- l6 seismic
What is the best way to play the Mbawa drill in the next few...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $41.17K | 82.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25838 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 96202 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25838 | 0.500 |
3 | 47702 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
4 | 260000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 96202 | 4 |
0.510 | 200000 | 2 |
0.515 | 120000 | 2 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
Last trade - 15.46pm 23/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online