Instead of the news flow being about finding huge oil it became about oil price decline and FAR funding uncertainty.
We have been here before. I think FAR IS undervalued under 8c and an easy BUY - I put fair value at 15c with oil at $70 WTI.
I have topped up and wait patiently for either funding, selldown or takeover.
I value PE at zero. 5% COS IMO but nice if it comes in.
Gambia I dont put much present value on ($100M) but it will be judged after half a dozen wells if FAR can find $ to hang in at current WI - much upside on the table. I doubt SNE stops exactly at the border but till its drilled it is unknown.
Instead of the news flow being about finding huge oil it became...
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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 |
