“They won’t exit Senegal as the project is too good.”
Music to my ears.
So Cairn values its 200m barrels of recoverable oil at just $US2.50 a barrel - not much more than WPL paid COP. On that basis, FAR is overvalued and PE hardly worth the bother as an on-sell.
On the other hand, though, if PE succeeds, then FAR might buy-and-hold a fair chunk of those 175m barrels given that first oil will by then be within touching distance.
Sorry to mention PE yet again.
OOO
Cairn's FY results, page-5
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |
