FAR Ltd (AU:FAR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
FAR Ltd focused on shareholder value in 2023 with cost reductions, capital returns, and a share buyback program. Despite unsuccessful marketing and the subsequent surrender of its Gambian exploration blocks, the company is poised for a possible capital windfall from a contingent payment tied to the Sangomar Field’s upcoming oil production. Plans are afoot to potentially sell this payment and, if successful, return additional capital to shareholders.
For further insights into AU:FAR stock, check out TipRanks’ Stock Analysis page.
