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FAR Ltd ( (AU:FAR) ) just unveiled an announcement.
FAR Limited’s quarterly report highlights the strong performance of the Sangomar field offshore Senegal, with significant oil production and an increase in reserves. The company is currently engaging with Woodside Energy regarding an indemnity claim related to the sale of its interest in the RSSD Project. FAR ended the quarter with a cash balance of US$7.9 million and reported minimal expenditures primarily for corporate and administrative purposes.
More about FAR Ltd
FAR Limited operates in the energy sector, focusing on oil exploration and production. The company has been involved in the RSSD Project in Senegal, which includes the Sangomar Field.
Average Trading Volume: 72,553
Technical Sentiment Signal: Sell
Current Market Cap: A$36.96M
For a thorough assessment of FAR stock, go to TipRanks’ Stock Analysis page.