News: FAR FAR Ltd Completes Review Of Prospectivity Of A2, A5 Blocks Offshore Gambia

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    Feb 21 (Reuters) - FAR Ltd (FAR) :

    • GAMBIA PROJECT UPDATE
    • FAR HAS COMPLETED A REVIEW OF PROSPECTIVITY OF A2 AND A5 BLOCKS OFFSHORE GAMBIA
    • DRILLING AND LOGGING DATA OBTAINED ON MAIN WELL (BAMBO-1) AND SIDE-TRACK WELL (BAMBO-ST1) CONFIRMED PRESENCE OF A PROLIFIC OIL SOURCE
    • DATA CONFIRMED OIL SHOWS ENCOUNTERED WHILST DRILLING WERE PERSISTENT OVER SEVERAL HUNDRED METRES
    • FAR, AS OPERATOR OF JOINT VENTURE, IS REVISING WORK TO BE UNDERTAKEN IN 2022 AND ACCORDINGLY, BUDGET FOR WORKS
    • FAR EXPECTS TO REDUCE JOINT VENTURE BUDGET BY 40% TO US$5.7 MILLION FOR 2022 YEAR
    • PETRONAS ARE SUPPORTIVE OF REDUCING 2022 BUDGETED EXPENDITURE
 
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Last
40.0¢
Change
-0.015(3.61%)
Mkt cap ! $36.96M
Open High Low Value Volume
40.5¢ 40.5¢ 40.0¢ $1.974K 4.912K

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No. Vol. Price($)
3 45453 40.0¢
 

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Price($) Vol. No.
43.0¢ 60000 1
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