View from a new holder, page-33

Still think the market cap will build towards A$1b. Anyone know what the market cap of a 15,000 boe/day company?

No but I can show you a Company (BPT), that produces 80500 Boepd and is valued at $5.8b , 15000 Bopd divides into that 5.3 times which would equate to a MC of $1.09 forFAR...
It gets better Oil which has a higher value makes up a larger portion of our producton and It just so happens one of the founders of BPT is non other than Reg Nelson who sits on our board .

Compared with WPL,s production vs MC, FAR production profile would imply a MC of $2b and once again WPL's priouction is predominately lower valued gas.

However the above is comparing FAR with established companies so is largely irrelevant , BPT has been around for almost 60 years and WPL over 70 years although like FAR both had very tough early years..FAR will start with a much higher % of debt.

What FAR's eventual MC may be is totally dependant on what happens after it gets an income base established to enable future growth, these are seriously long term ventures with no particular end in sight..

Cheers Whisky