FAR 0.97% 52.0¢ far limited

April 30 (Reuters) - FAR Ltd (FAR) : DEBT FINANCING NOT...

  1. 190,043 Posts.
    lightbulb Created with Sketch. 2786

    April 30 (Reuters) - FAR Ltd (FAR) :

    • DEBT FINANCING NOT PROCEEDING AS EXPECTED DUE TO COVID-19 AND OIL PRICE IMPACT ON DEBT MARKETS
    • COST CUTTING EFFORTS UNDERWAY
    • SANGOMAR DEVELOPMENT WAS RUNNING US$117M UNDER BUDGET FOR YEAR TO END OF MARCH AND EXPECT THIS TREND TO CONTINUE
    • COMMENCED PROCESS TO SELL ALL OR PART OF INTEREST IN SENEGAL RSSD PROJECT IN PARALLEL WITH INVESTIGATING ALTERNATIVE SOURCES OF FINANCE
    • COVID-19 AND OIL PRICE COLLAPSE ADVERSELY IMPACTED FAR'S FINANCING PLANS FOR SANGOMAR FIELD DEVELOPMENT
    • NOT POSSIBLE AT THIS TIME TO ACCESS SHORE BASE FOR DRILLING AT GAMBIA, SO HAVE SUSPENDED ACTIVITIES
    • COST CUTTING EFFORTS, REDUCTION IN SPEND FOR SANGOMAR DEVELOPMENT MEANT FORECAST CASH POSITION AT Q1 END US$74M VERSUS ACTUAL US$80.3M FOR QUARTER
    • FOR UPCOMING QUARTER, SEES US$5M OF EXPLORATION AND EVALUATION EXPENDITURE
    • FOR UPCOMING QUARTER, SEES US$27M OF DEVELOPMENT EXPENDITURE & US$1.2M IN CORPORATE COSTS
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
52.0¢
Change
0.005(0.97%)
Mkt cap ! $48.05M
Open High Low Value Volume
52.5¢ 52.5¢ 51.5¢ $27.58K 52.98K

Buyers (Bids)

No. Vol. Price($)
2 9303 51.5¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 847 1
View Market Depth
Last trade - 12.24pm 28/06/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.