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Far Limited (ASX:FAR)

ALERT: Price-sensitive ASX Announcement for FAR
Current share price for FAR : $0.305 0.015 (5.17%)+
Announcement
Release
31 Jul 2026 8:50AM
Price at Release
$0.290
Full Release
download
Summary
FAR Limited's Quarterly Activities Report for the period ending 30 June 2026 highlights significant financial activities, including a provisional Contingent Payment from Woodside Energy of US$23.7 million related to the Sangomar Project. The report also details the approval of a capital return to shareholders and the company's financial position at the end of the quarter, with an unaudited cash balance of US$1.97 million. Additionally, the report notes the performance of the Sangomar Field and outlines ongoing evaluations for potential further developments.
Key Points
  • FAR Limited reported a provisional 2025 Contingent Payment of US$23.7 million from Woodside Energy.
  • The Contingent Payment relates to the sale of FAR's interest in the RSSD Project, with a maximum value of US$55 million.
  • The Sangomar Field achieved an average production rate of 99 Mbbl/d with 99.3% reliability.
  • A capital return of 35 cents per share was approved, distributing approximately A$32.3 million to shareholders.
  • FAR held a cash balance of US$1.97 million at the end of the quarter, with no financing facilities drawn.
  • Corporate and administration costs for the quarter were US$0.05 million.
  • FAR's activities report highlights ongoing evaluation and potential development of additional reservoirs.
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.