I have done some very simple pre tax NPV calcs assuming6%...

I have done some very simple pre tax NPV calcs assuming

6% discount rate (might be ambitious but capex might also be staged)

three different capex amounts forked out end of 2019

three different POO amounts

90k boe/day for 340 days/year

$35/boe production cost ($35 profit for $70/boe) as a guess.

production profile as shown

All in million USD and NPVs are for FAR's 13% share

Looks like FAR is currently priced at about a 40% discount to the pre tax NPV from a $2.5 Bil capex and $60 POO...

	Year End	Production (mmboe)
1	2019	0
2	2020	0
3	2021	0
4	2022	20
5	2023	30
6	2024	30
7	2025	30
8	2026	30
9	2027	30
10	2028	30
11	2029	30
12	2030	30
13		Total 260

1		Capex/POO
2	$2,200	$474	$367	$49
3	$2,500	$437	$331	$12
4	$2,800	$400	$294	-$25