FAR 1.92% 51.0¢ far limited

If results are good and as expected, FAR will reopen at $5-$7.50...

  1. 2,183 Posts.
    lightbulb Created with Sketch. 991
    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.
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.