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.
Potential Bambo Well's Objective Values estimated on NPV of Oil Insitu, page-14
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Last
45.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.04M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 45.0¢ | $67.54K | 149.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73136 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 51760 | 5 |
View Market Depth
| Last trade - 15.58pm 23/05/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 45.5¢ | 45.5¢ | 45.5¢ | 12112 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| FAR (ASX) Chart |