CVN, 300 million barrels gross, 20% to CVN make 60 million barrels net, at $10 a barrel that's only $600M, so you could probably say oil in place would equate to $3-$5 a barrel discovery impact to market cap on a back of the envelope.
FAR has a 15% stake in the two drills, the first is a 900 mill barrel target, so 135M barrels net, a bit over twice the size of the CVN net, so not unreasonable to see us at $500M MC if the first one confirms the 900 mill number. Of course, a find at FAN-1 should derisk the SNE-1, so could probably add a fair speculative value to that, considering we've got Kenya to come.
225 mill barrels confirmed commercial could well see us hit the billion in MC, IMO the $1.3b to get 50c is a bit optimistic, but not unrealistic.
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Last
49.0¢ |
Change
-0.020(3.92%) |
Mkt cap ! $45.28M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 49.0¢ | $210.8K | 423.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 39845 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 39845 | 1 |
0.500 | 16960 | 1 |
0.510 | 102895 | 3 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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