• Woodside claims FAR must pay US$6,029,899 under 2021 sale agreement
• Claim relates to petroleum expenditure not directly linked to exploration activities
• FAR has been seeking information from Woodside and has not accepted liability

FAR Limited (ASX: FAR) has been advised by Woodside Energy (Senegal) BV ('Woodside') of a claim of US$6,029,899 under the Sale and Purchase Agreement relating to the sale by the FAR group of its interest in the RSSD Project to Woodside in 2021. Woodside has advised FAR that the Senegal Ministry of Energy, Petroleum and Mines has made a final decision and that Woodside is unable to recover petroleum expenditure not directly linked to exploration activities, which is the subject of the claim. Woodside has demanded that FAR pay Woodside US$6,029,899 within 14 days. FAR has been seeking a range of information from Woodside in relation to the subject matter of the potential claim which remains outstanding. FAR has been reserving all rights it has under the Sale and Purchase Agreement and has not accepted liability to Woodside in this regard. FAR will provide in due course further updates of any material developments.