There's always political risk in this jurisdiction, but I would...

There's always political risk in this jurisdiction, but I would point out the following from your Bloomberg article:

“To boost the state’s revenue from oil and gas, it’s necessary to renegotiate the contracts to increase the state’s shares and change the system of sharing of production,” said Ngagne Demba Toure, an oil adviser to Faye. “Renegotiating contracts doesn’t mean that the state will impose itself on the companies without taking the law into consideration, but that the two parties agree to discuss some clauses of the contract.”

This doesn't seem very confrontational.
I would also point out that Faye doesn't have a majority in parliament and will be constrained by the IMF framework. He's already backtracked on his electoral promise to ditch the CFA and create a new national currency.

Also bear in mind that as long as the Brent price holds up and Sangomar produces oil, FAR will (v likely) get paid, even if the overall economics for the contract gets worse for Woodside.

As always dyor, this is a micro cap whose single asset is a CVR in a risky jurisdiction