FAR 0.00% 51.0¢ far limited

looks like a disaster, page-15

  1. 331 Posts.
    Hi B2,

    Lake Long has an estimated 766 BCF (billion cubic feet of Gas) of which FAR has a 4% interest .... so not allowing for recovery costs ... and using a gas price of US$5.75 and a US/AUS$ conversion rate of $.75 with 240m shares the price per share works out at $0.978 (just under 98 cents) this would obviously be more currently with the falling OZ dollar ... if memory serves me right FARs history in this area has been 4 out of 4 .. which bodes well for this new rig... all of which looks great...

    Blackspot
 
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