Ann: Shareholder Approval of Senegal RSSD Sale, page-32

"Speaking to The Australian Financial Review after the shareholder vote, Ms Norman described it as “a bittersweet moment” for the company.

“Once COVID hit and the banks put a pause on the debt we were forced to look at selling. That’s been our plan for most of 2020,” she said.

“It is disappointing but there are huge opportunities for us,” Ms Norman said, pointing to an exploration well due to be drilled off The Gambia in the December quarter.

FAR should have almost $US130 million in the bank once the Woodside deal completes, including the purchase price plus the reimbursement of money spent on the Sangomar project since January 1, 2020, she said.

The sale to Woodside still hinges on the termination of a confidential agreement with a third party, which sources said could be Glencore’s January 2020 deal with FAR to market its share of oil from Sangomar".