Looks like FAR already has their estimate of 1.5b barrels. 15% takes FAR to a nice valuation at an average of $4-$8usd per barrel, which I understand has been quoted as the going market rate.
"Two blocks off the coast Gambia could hold as many as one billion barrels of oil. Senegal’s underwater reserves could equal 1.5 billion barrels, according to FAR Ltd., an Australian company that quickly became active in the region after the discovery of oil and gas reserves."
Great free publicity on oil price.com. Realise the article has a seperate posting by yank
http://oilprice.com/Latest-Energy-N...etroleum-Reshuffles-West-Africa-Strategy.html
Looks like FAR already has their estimate of 1.5b barrels. 15%...
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 314682 | 3 |
View Market Depth
| Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |