Value, page-2

IMO it is prudent to think big in terms of fair value for FAR.

A simple value calc:

230 MBOE
$2 nett profit per barrel after all costs ( given the current POO - this has upside potential)
= $460 million
That's excluding any further upside from either the current well, Bellatrix or other acreage potential.

So while there are hurdles to overcome before realising that profit (in whatever form FAR takes in the future) the current mkt cap doesn't even reflect what we know. IMO that = undervalued, and I think a large buyer of late sees things the same way. DoC is just around the corner, SNE will be exploited.

There are infinitely better estimates on the FAR thread that consider all types of technicalities, this doesn't intend to take away from any of them. It's more about seeing the forest through the trees.

The games will still be played by the pros but that will be in an uptrend as the SP is rerating rather than in consolidation.

This is all IMO. Now watch that 10.5 - 11c wall fall, never to be revisited.