“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
“They won’t exit Senegal as the project is too good.” Music to...
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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 |
