If results are good and as expected, FAR will reopen at $5-$7.50 and over the coming months will go to $10. Assuming everything goes to plan and the oil field starts producing at 100,000 per day which is expected, that equates to $2.5 billion USD in revenue at an oil price of $70 USD per barrel, with a 50% interest that's some big profits for FAR for many years and some big dividends during the life of the well for FAR shareholders. I won't be selling all my holding will be keeping some for the long term and for the dividends.
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Potential Bambo Well's Objective Values estimated on NPV of Oil Insitu, page-14
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48.0¢ |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 53142 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
1 | 50000 | 0.435 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 3155 | 1 |
0.500 | 27671 | 2 |
0.520 | 109917 | 4 |
0.525 | 60000 | 2 |
0.530 | 60000 | 2 |
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