New report (!): FAR narcolepsy, page-2

Cheers Kfann,

"Our revised valuation for FAR of $0.20 per share is underpinned by the value of the company’s interest in the SNE field. We have only ascribed modest overall value to the company’s other interests. We see considerable upside for FAR, however, from a range of opportunities related to its interests, which is not included in our valuation:  Arbitration outcome could see FAR awarded compensation for pre-emptive right;  Higher SNE field recoveries than the conservative 13% currently assumed;  Commercialisation of gas from the SNE field from 2024;  Success in The Gambia validating Prospective Resources of 1.2Bbbl (100% basis) in FAR’s 50% owned strategic blocks;  Appraisal and further exploration around the FAN discovery in the RSSD area;  Success in FAR’s 2/4A/5A blocks in Guinea-Bissau; and  Regional exploration success in the SNE North-Spica area. Even the company’s other interests in Kenya and in the North-West of Australia could have significant upside, however, they continue to receive minimal attention."

In line with what we have all (some of us ) been blabbing on about.