FAR

1.06%

46.5¢ far limited

Lost in translation or SNE to be sold off to majors?, page-75

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cujo

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19/12/17

20:55

Post #: 29751812
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Originally posted by Bishkek2017 ↑

I agree with you that the arbiters will keep it simple and will either reset PE or not ,and nothing else.
I have said before that I had a conversation with an experienced Geophysicist whilst waiting for Jon from FAR to give his spiel at the Good Oil Conference in Perth a while back. We talked about FAR and the current arbitration. I told him my understanding as that there is no appeal after this process. He agreed but said that ultimately it was the government of the country concerned that would be make the decision on who comes into their backyard.
My thinking now is that there is a master plan afoot and involves CNOOC, either buying the 35% should it go FARs way , or buying FARs complete Senegal holdings or perhaps the whole company.
When I look at the Chinese $5 billion bid for Kosmos in 2010 and do the maths comparing the amount of potential oil available from their 23.4% share of the Jubilee field ( approx 422 million barrels worth approx $35 billion @ 81.29 /barrel) and what FAR may have with SNE , FAN and A2-A5 ( possibly over 1 billion barrels worth approx $72 billion @63.50/barrel . With PE approx $94 billion @63.50)
I cant help but think they(FAR) must be in CNOOCS sights if the average cost for exploration is $US4/ barrel. CNOOC could offer $3.50/barrel and FAR could walk away with a TO offer approaching US$ .64/share . Thats without the PE . I'm sure the big holders would be swayed should an offer like that come about. I would imagine that there will not be an offer until the arbiters have have enough long lunches in Paris and finally make a decision.
Good luck to all . What ever the outcome is I believe it will have been worth the wait for the long termers .

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Wow!!! did everyone read that?
Cant believe we are at 7.5 cents.
That has to be the best pump yet.

FAR Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 46.5¢		Change -0.005(1.06%)		Mkt cap ! $42.97M

Open	High	Low	Value	Volume
47.0¢	47.0¢	45.5¢	$31.34K	67.88K

Buyers (Bids)

No.	Vol.	Price($)
1	3338	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	199900	2

View Market Depth

No.	Vol.	Price($)
3	90826	0.455
3	90921	0.450
1	50000	0.445
1	50000	0.440
1	50000	0.425

Price($)	Vol.	No.
0.470	199900	2
0.500	10000	1
0.510	220895	4
0.515	103300	2
0.520	421965	4

Last trade - 15.59pm 13/09/2024 (20 minute delay)

FAR (ASX) Chart

Lost in translation or SNE to be sold off to majors?, page-75

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Lost in translation or SNE to be sold off to majors?, page-75

Top Stories

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News