Morgans believe FAR is a takeover target

I have to agree with Morgan's here, IMHO FAR is worth more than the sum of it's parts. Particularly given the SNEball

Link below to Morgan's research published today;
https://www.dropbox.com/s/8tcyfhd9f2r20qc/AUS-FAR-160210-Long-term oil leverage (1).pdf?dl=0

Exert;

Our valuation for FAR has increased from A$0.11 to A$0.17 per share due to the recent resource increase at SNE and our new PSC modelling approach. The stock price will likely remain depressed given current oil prices but this creates an opportunity for those investors with a positive view on oil to build positions. Furthermore, given the size of SNE and prospectivity of the other acreage in Senegal we believe FAR could be a takeover target for other larger E&P companies looking to pick up attractive assets in the current low oil price environment

DYOR