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Far Limited

ASX Announcements

Change in substantial holding

Change in substantial holding

  • Oct 30, 2024
  • 3 pages

Market Sensitive

Quarterly Activities Report and Appendix 5B

Third Quarter Activities Report, Third Quarter Cashflow Report

  • Oct 18, 2024
  • 8 pages

Change in substantial holding

Change in substantial holding

  • Oct 15, 2024
  • 3 pages

Change in substantial holding

Change in substantial holding

  • Sep 27, 2024
  • 3 pages

Change of Company Secretary and Chief Financial Officer

Company Secretary Appointment/Resignation, Company Administration - Other

  • Sep 26, 2024
  • 1 page

View all FAR announcements

January 2022

Woodside is due to make payments to FAR once its Sangomar oil project in Senegal starts up, depending on the oil price.

FAR investor pounces with ‘cheeky’ $45m bid

FAR Ltd MD Cath Norman described the cash offer as “opportunistic” given the company’s cash and an expected future payment from Woodside’s Senegal oil project.

  • Angela Macdonald-Smith

December 2021

The well was targeting more than 1.1 billion barrels of oil.

FAR shares smashed on Gambia wildcat failure

The market value of the junior oil explorer halved on Thursday morning after an exploration well failed to deliver the hoped-for 1.1 billion barrel discovery.

  • Angela Macdonald-Smith

June 2021

FAR faces shareholder revolt

The oil explorer faces a potential push to spill the board after ignoring the demands of its major shareholders to return the proceeds from an asset sale and instead pursuing more drilling.

  • Angela Macdonald-Smith

April 2021

Woodside’s Sangomar oil venture in Senegal is due to start up in 2023.

Woodside’s Senegal epic finally wraps up after FAR vote

Following a protracted saga, FAR shareholders finally voted to sell a stake in an oil venture in the country to the much larger Australian player.

  • Angela Macdonald-Smith
Woodside’s Sangomar oil venture in Senegal is due to start up in 2023.

Woodside’s path in Senegal clears as Lukoil retreats

Russian giant Lukoil won’t proceed with a $220 million takeover tilt for ASX-listed FAR Ltd, smoothing the way for Woodside to buy the explorer’s stake in its large Senegal oil venture.

  • Angela Macdonald-Smith
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February 2021

The Conservation Council of Western Australia is also fighting Woodside’s environmental approvals for the expansion of Pluto LNG using gas from the Scarborough field.

Woodside ‘non-compliant’ on climate risk reporting

The analysis from the Environmental Defenders Office adds to the carbon risks that are piling up around the country’s biggest pure-play oil and gas producer.

  • Angela Macdonald-Smith
Russian oil giant Lukoil is trying a second way of elbowing into Woodside’s oil project in Senegal.

Trouble for Woodside as Lukoil bids for FAR

Russian oil giant Lukoil is trying once more to elbow its way into Woodside’s large Sangomar oil venture in Senegal, despite the Australian player’s opposition.

  • Angela Macdonald-Smith

January 2021

Woodside's deal has averted the entry into its Senegal oil project of a little-known investment fund.

Woodside to buy out FAR in Senegal as Remus lurks

The $US45 million deal will prevent FAR's little-known takeover suitor Remus from entering its Senegal oil project.

  • Angela Macdonald-Smith
Exxon has taken its Bass Strait assets off the market after failing to get an attractive enough offer.

Bankers look past obstacles to more oil & gas M&A

Emerging confidence in higher oil and gas prices and interest among infrastructure players should support a multibillion-dollar M&A wave in the sector despite some high-profile deals being scrapped.

  • Angela Macdonald-Smith

December 2020

FAR’s biggest asset is a minority stake in Woodside’s Sangomar oil project off Senegal.

Takeover bid for FAR upsets Woodside’s Senegal play

The $210 million bid from little known Remus Horizons has caused FAR to delay a shareholder vote on selling its stake in the Sangomar oil project in Senegal.

  • Angela Macdonald-Smith
ONGC is the second foreign oil major Woodside has prevented from buying into its Senegal oil project.

Woodside in 'no-brainer' Senegal oil deal

Woodside has stepped in to prevent India's ONGC buying a stake in its $US4.2 billion Senegal oil project, agreeing to purchase the holding itself.

  • Angela Macdonald-Smith

November 2020

The deal would bring India's ONGC in as a partner in Woodside's Sangomar oil project off Senegal.

Eyes on Woodside as FAR sells Senegal stake to India's ONGC

The sale by explorer FAR of its stake in the Sangomar oil project to ONGC Videsh will bring the Indian oil major in as a partner in the Woodside-led venture.

  • Angela Macdonald-Smith

July 2020

Woodside's Sangomar oil project in Senegal is due to start production in 2023.

Russian bombshell for Woodside in Senegal

The deal by the resources company's project partner, Cairn Energy, to sell its stake in the Sangomar oil project to Lukoil adds to an continuing shake-up in the venture.

  • Angela Macdonald-Smith

May 2020

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Funding freeze as investors give explorers cold shoulder

Hundreds of ASX companies are down to their last $1 million after the pandemic triggered a 48 per cent slump in funding for mineral and petroleum explorers.

  • Peter Ker

March 2020

"Non-essential" jobs are expected to be lost at the Chevron-operated Gorgon Project on Barrow Island.

FAR flags delay at Senegal oil as Chevron to add to WA job losses

The news of a potential delay at Woodside's Senegal oil project comes as more layoffs of gas plant workers are expected in Western Australia this week.

  • Updated
  • Angela Macdonald-Smith
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February 2020

An artist's impression of the planned Sangomar oil project, which was approved by the Senegal government last month.

FAR loses arbitration over Woodside Senegal oil project

The decision appears to cement Woodside's position in the $US4.2 billion oil project which is under construction off the Senegal coast.

  • Angela Macdonald-Smith

January 2020

The SNE discovery in Senegal was the world's biggest petroleum find in 2014.

Woodside gets Senegal tick for $6b oil project

The Senegal government approval clears the way for the start of construction on the $6 billion oil project once contracts are finalised.

  • Angela Macdonald-Smith

December 2019

The SNE discovery in Senegal was the world's biggest petroleum find in 2014.

Equity raising 'last piece in puzzle' for FAR's Senegal oil project

The share sale is part of a debt and equity funding package put in place by the junior explorer to cover its share of a $US4.2 billion oil project in Senegal.

  • Angela Macdonald-Smith
FAR Limited's mooted equity raising has been met with scepticism by some investors and analysts.

FAR Ltd launches equity raising, Bell Potter on ticket

Oil and gas explorer FAR Ltd has launched a $146 million equity raising to fund its development of an oil field in Senegal.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd
FAR Limited's mooted equity raising has been met with scepticism by some investors and analysts.

$251m equity raising a bridge too FAR?

FAR's $US350 million debt raising is in train but it is also seeking to sell a big equity stake.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Original URL: https://www.afr.com/company/far-l6