Tweet - FAR 12 Month Value Drivers, page-4

Thanks GH

The article contains the following of interest to holders:

Current valuations of FAR put its value at $5-6 per 2C contingent barrel of oil.
The valuation is based on the net value of FAR’s share of SNE 2C contingent resources of 96 million barrels, or 126 million barrels net to FAR if an extra 30 million barrels is added to take into account for the additional discoveries in Senegal being FAN, FAN-South and SNE-North, announced in March.
The company told Proactive Investors: “Should our Samo-1 well be successful in discovering 825 million barrels of 2C contingent resources, this will add 330 million barrels of 2C contingent resources to FAR’s inventory and we would expect the market to reflect this increase in net barrels to FAR in our share price.”

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