French company Fonroche Lighting has won a new contract to supply and install 67,000 solar-powered streetlights in several localities in Senegal. This new project will mobilize 121 million euros of investment. Fonroche Lighting wins a new order in West Africa. The company based in Lot-et-Garonne (France) has just signed a contract with the Senegalese Ministry […]

On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to FAR’s Senegal RSSD asset. Formal completion of the sale took place on 6 July in Senegal and monies were received by FAR in Australia on 7 July. As consideration for the sale Woodside has paid FAR US$45 […]

Since the discovery of large-scale oil and gas discoveries took place in the offshore waters of Senegal between 2014-2017, the country has been abuzz in terms of how this vast new hydrocarbon wealth will impact the Senegalese economy, making it more competitive and accelerating the pace of the country´s long-term economic development objectives as stipulated […]

FAR Limited has announced the completion of the sale of its entire interest in the Senegal RSSD joint venture to Woodside Energy (Senegal) BV. In line with guidance given at the FAR Annual General Meeting, and as a result of completion, FAR has received US$126 million from Woodside. Additional payments to FAR, up to US$55 […]

FAR Limited has announced the resignation of Non-Executive Chairman Nicholas Limb and Nonexecutive Director Reginald Nelson, effective immediately. Mr Limb and Mr Nelson have advised that with finalisation of the Senegal asset sale expected imminently, it is the appropriate time for Board renewal. Mr Limb has been a Director since 2011 and Mr Nelson since […]

(Le Nouveau Gabon) – In an announcement published in the press on June 22, the Chinese Cnooc International announces that it is looking for investors for the drilling of oil wells in Gabon and Senegal. “ Cnooc International invites interested parties with technical, financial and operational capacities to participate in its international public prequalification process for […]

FAR Limited has advised that it has satisfied the condition precedent for the sale of its interest in the RSSD project to a member of the Woodside group relating to the termination of a third-party contract. FAR also advises that it has received formal notification from the Senegalese Minister of Petroleum and Energies that it […]

FAR has announced it had executed a sale and purchase agreement with ONGC Videsh Vankorneft Pte Ltd for FAR’s entire interest in the Rufisque, Sangomar and Sangomar Deep project. RSSD operator Woodside subsequently exercised its right to pre-empt the sale on the same terms and conditions, and in January 2021 Woodside and FAR executed a […]

FAR has announced that with reference to the attached letter dated 14 April 2021 which was received from Remus Horizons PCC Limited as requested by it advising its intention to make a takeover offer for FAR shares at 2.1 cents per share.  According to the letter, Remus has stated it was proceeding to finalise its […]

FAR Limited has received notice from Remus Horizons PCC Limited advising its intention to make a takeover offer for FAR shares at 2.1 cents per share. The Remus Offer is conditional only upon FAR and/or its subsidiaries not proceeding with the proposal to sell the Rufisque, Sangomar and Sangomar Deep  (RSSD) Project to Woodside and […]