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FAR Ltd ( (AU:FAR) ) has issued an update.
FAR Limited’s 2025 Annual General Meeting highlighted key activities from 2024, including the receipt of a provisional contingent payment of US$11.5 million from Woodside Energy for the sale of its interest in the RSSD Project in Senegal. This payment is subject to reconciliation with joint venture partners and the Senegalese Ministry of Energy. Additionally, FAR faces a claim from Woodside for US$6,029,899 related to unrecoverable petroleum expenditures, which FAR is currently contesting while reserving its rights under the Sale and Purchase Agreement.
More about FAR Ltd
FAR Limited is a company operating in the energy sector, primarily focusing on oil and gas exploration and production. The company has been involved in projects such as the RSSD Project in Senegal and is engaged in strategic financial activities to maximize shareholder value.
Average Trading Volume: 40,744
Technical Sentiment Signal: Sell
Current Market Cap: A$44.36M
Learn more about FAR stock on TipRanks’ Stock Analysis page.