Hi All, as a holder since April at average 5c, have been following the FAR forum since then. I am not averse to taking profits, but decided to top up at 13c today. Here is a summary of my analysis of why. This valuation is based on FAN 1 only!!! and there are another 5 drills coming up that could have similar results!
P90 (P1), 250 mmbbls, (90% certainty of at least 250m barrels ($2.5bn present value @ $10/ barrel)
P50, 950 mmbbls (50% certainty of at least 950m barrels ($9.5bn/2 = $4.25bn present value @ $10 / barrel)
P2 = (P90 + P50) 1200 mmbbls = $6.75bn (or $12 bn)
P10, 2,500 mmbbls (10% certainty of at least 2,500m barrels ($25.5bn / 10 = present value @ $10 / barrel)
P3= (P90+ P50+ P10) = 3700mmbbls = $9bn or ($37.5bn)
GLTAH
Riskup
Topped up FAR based on FA
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