FAR 1.23% 40.0¢ far limited

Like the look of your spreadsheet but image is a bit small to...

  1. 563 Posts.
    Like the look of your spreadsheet but image is a bit small to read for me. Also I like to fiddle and see the cell maths to better understand what is going on.

    I thinks its P57 of Cairn's CMD where they state the NPV values at various oil prices for SNE. A simple way of looking at it is oil at $70, Cains 40% is $10/barrel. Extrapolating that Fars 15% is $3.75 X 330 mil barrels gives US$1.2375bill. This would be net of costs but FAR would need to borrow say $550 mill to get to initial production so leaves ~ $680 mill / 3.5 bill shares gives about 19-20 cents / share - very approximately.

    My point is the NPV (Net Present Value) is the value of SNE at FID in todays dollar terms so there is no need to discount it again.

    IMO etc
 
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