Well is it a surprise that Cairn didn't sell out 30% to BP @$US600M?
The 30% at a current SNE 640 Million barrels @30% @ $US10 per barrel NPV (from FAR's recent announcement) @ FID @ 0.9x to bring to 2017 dollars is worth to Cairn a NPV $US1,728M (or $Aus2.3B).
With FAR's 5.5B shares on issue the $US600M is equivalent to 14.5 cents per share just for Senegal. At $US10 per barrel it is worth nearly 3X. What is Gambia and Guinea Bissau worth?
Not that I wish for FAR to be taken out with a low bid, but with the current capping a 20 cent bid ala the recent chinese tilt at AWE, would grab at least 30% of FAR in my opinion.
DYOR
Well is it a surprise that Cairn didn't sell out 30% to BP...
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Last
47.5¢ |
Change
0.010(2.15%) |
Mkt cap ! $43.89M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 48.0¢ | 46.5¢ | $13.86K | 29.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18200 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 1800 | 1 |
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| Last trade - 13.46pm 18/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |