News: FAR FAR Updates On Woodside Contingent Payment On Sale Of FAR's Entire Interest In Senegal...

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    Sept 2 (Reuters) - FAR Ltd (FAR) :

    • UPDATE ON WOODSIDE CONTINGENT PAYMENT ASSOCIATED WITH SALE OF FAR'S ENTIRE INTEREST IN SENEGAL RSSD PROJECT TO WOODSIDE ENERGY
    • FAR EXPECTS TO RECEIVE FULL PAYMENT OF US$55 MILLION CONTINGENT CONSIDERATION DUE FROM SALE OF ITS INTEREST IN SANGOMAR
    • WOODSIDE CONTINGENT PAYMENT ENTITLEMENTS ARE ASSOCIATED WITH SALE OF FAR'S ENTIRE INTEREST IN SENEGAL RSSD PROJECT TO WOODSIDE
    • PAYMENT COMPRISES 45% ENTITLEMENT BARRELS SOLD OVER PREVIOUS YEAR, MULTIPLIED BY EXCESS OF CRUDE OIL PRICE PER BARREL AND US$58 PER BARREL
    • EXPECTS THAT FULL US$55 MILLION WILL BE RECEIVED PRIOR TO TRANSACTION LONG STOP DATE IN 2027, ANNUAL PAYMENTS ANTICIPATED TO START IN 2024
 
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Last
40.5¢
Change
-0.015(3.57%)
Mkt cap ! $37.42M
Open High Low Value Volume
42.0¢ 42.0¢ 40.5¢ $3.181K 7.795K

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No. Vol. Price($)
3 48497 40.0¢
 

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Price($) Vol. No.
42.0¢ 3000 1
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Last trade - 15.16pm 05/09/2025 (20 minute delay) ?
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