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Far Limited (ASX:FAR)

ALERT: Price-sensitive ASX Announcement for FAR
Current share price for FAR : $0.285 -0.13 (-31.33%)+
Announcement
Release
22 Dec 2025 8:29AM
Price at Release
$0.415
Full Release
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Summary
FAR Limited announced that it has entered into a settlement agreement with Woodside Energy concerning a claim of US$6,029,899 under the Sale and Purchase Agreement related to the sale of FAR's interest in the RSSD Project to Woodside in 2021. The claim arose from a decision by the Senegal Ministry of Energy that Woodside could not recover petroleum expenditure. Under the agreement, FAR will promptly pay the full claim amount to Woodside. If Woodside later recovers the expenditure from the Senegal Ministry before 31 December 2030, it will refund the corresponding amount to FAR. FAR has retained sufficient funds for this payment.
Key Points
  • FAR Limited to settle a claim with Woodside Energy for US$6,029,899.
  • The claim is related to the sale of FAR's interest in the RSSD Project to Woodside.
  • FAR will pay the full claim amount to Woodside.
  • If Woodside recovers the expenditure in future, it will refund FAR.
  • The settlement agreement was approved by FAR’s Board of Directors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.