FAR 0.00% 49.5¢ far limited

Sama - Gambia, page-3

  1. 2,090 Posts.
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    Strachan calculates that a retained 32% interest in a 500MMbbl discovery in Gambia would be worth nearly 28cps to FAR, if oil has an in situ value of US$8.40/bbl, with more upside to come if oil price rise as widely expected.


    Since then Brent has risen by more than 50% or $24/bbl, so Strachan says a net present value for the oil resources of over $10/bbl is currently likely to be a more accurate value market.

    Apply that over FAR's 15% of SNE then you get some impressive numbers.

    Factor in possible PE reset and 50% of SNE then we are looking in really impressive
    numbers??
 
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