Plugged,
Thank you for another quality post.
To those who don't know about Jubilee - http://en.wikipedia.org/wiki/Jubilee_oil_field
To anyone that doesn't understand what a proven Jubilee find would do to our share price. Jubilee was 3B barrels, our un-risked estimate for Senegal is 3.5B barrels per the below;
According to the Hartley's research paper - this would add a paltry $2.35 to our Share price.
I am no good at maths, but think this would mean FAR is probably worth more than 12 cents a share?
Unpacking Senegal's Oil prospects, page-2
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