(Correction to previous post below in bold)
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 7.25 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
(Correction to previous post below in bold) Well is it a...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 13.46pm 18/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |