FAR 0.00% 52.0¢ far limited

It will be 50 million AUD left after the 80 cent capital return...

  1. 5,715 Posts.
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    It will be 50 million AUD left after the 80 cent capital return and after the Gambia drill later this year.

    128 million usd is just over 170 million AUD.

    A fail at Gambia should value FAR approx 50 cents on cash backing. I don't consider anything for the Senegal first oil or their minor leases elsewhere. A fail may also get majors to wind up the company. Any windfall from Senegal first oil could still be distributed years later to anyone holding shares at the end.
 
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