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 […]

FAR Limited refers to previous announcements, including its 17 February 2021 announcement that it had received a conditional non-binding indicative proposal from PJSC Lukoil to acquire the shares of FAR at 2.2c cash per share (Lukoil Proposal).  FAR had cautioned that the Lukoil Proposal was not a legally binding offer, was subject to targeted and […]

FAR Limited has said that it has received a conditional non-binding indicative proposal from PJSC Lukoil, one of the world’s largest publicly traded energy companies, to acquire 100% of the shares of FAR at A2.2c cash per share. Lukoil is headquartered in Russia. The Lukoil Proposal values FAR at A$220 million. FAR cautions that the […]

FAR Limited has previously advised that Woodside Energy (Senegal) B.V. exercised its pre-emptive right to acquire FAR’s interest in the Senegal RSSD Project. On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to the sale. The agreement with Woodside is on the same terms and conditions as […]