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Far Limited (ASX:FAR)

ALERT: Price-sensitive ASX Announcement for FAR
Current share price for FAR : $0.280 -0.315 (-52.94%)+
Announcement
Release
30 Apr 2026 8:11AM
Price at Release
$0.595
Full Release
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Summary
FAR Limited's Quarterly Activities Report for the quarter ending 31 March 2026 highlights several key developments. The company has agreed on a provisional 2025 Contingent Payment of US$23.7 million with Woodside, related to the Sangomar Project in Senegal, expected to be received in May 2026. FAR plans to return surplus capital to shareholders via a proposed capital return of A$0.35 per share, pending shareholder approval at the upcoming annual general meeting on 28 May 2026. The cash balance at the end of the quarter was US$1.8 million. The company's Appendix 5B details cash flows and financial activities, indicating modest cash outflows from operating activities and stable cash reserves.
Key Points
  • Provisional 2025 Contingent Payment of US$23.7 million agreed with Woodside.
  • Proposed capital return of A$0.35 per share.
  • Cash balance at quarter end was US$1.8 million.
  • Appendix 5B details cash flows and financial activities.
  • Shareholder approval sought for capital return at AGM on 28 May 2026.
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.