A production well would be worth more than $4 / Barrel 100,000,000 X 10 = 1 billion dollars
Div by 5.5 billion = .18c at $10 . per Barrel. 10 years ago the market was paying 10 per barrel for C2 estimates . Another way is to value FAR is by the profit margin of the production well SNE cost of getting oil out is $35=$40 oil is trading at $50.
So the real Value is 18cents plus any other leases that have potential to add value.
Take over value of FAR would need to be at least 22-25 cents today.
Chass
The true value of FAR, page-30
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Last
51.0¢ |
Change
0.025(5.15%) |
Mkt cap ! $47.12M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 51.5¢ | 49.0¢ | $148.9K | 293.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8410 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 104070 | 1 |
View Market Depth
| Last trade - 14.13pm 08/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |