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FAR Ltd ( (AU:FAR) ) just unveiled an announcement.
FAR Limited’s quarterly activities report highlights significant progress in the Sangomar field offshore Senegal, where Woodside Energy has reported impressive production figures of 95 Mboe/day. The company’s financials reveal cash holdings of US$1.7 million at the end of December 2024, with expenditure primarily on corporate and administration costs. The company anticipates receiving a Contingent Payment from Woodside Energy, relating to the production from the Sangomar field, which could significantly impact FAR’s financial standing.
More about FAR Ltd
FAR Limited is an independent oil and gas exploration company focused on Africa, primarily working in the exploration of oil and gas fields. The company has a market focus on developing resources in offshore regions, as demonstrated by its involvement in the Sangomar field offshore Senegal.
YTD Price Performance: 6.18%
Average Trading Volume: 2,892
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $32.98M
Find detailed analytics on FAR stock on TipRanks’ Stock Analysis page.
