FAR.ASX: Quarterly Activities Report and Appendix 5B

Quarterly Activities Report and Appendix 5B

Stock	FAR Ltd (FAR.ASX)
Release Time	25 Jul 2025, 8:37 a.m.
Price Sensitive	Yes

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FAR Ltd Quarterly Activities Report and Appendix 5B

Key Points

Woodside Energy reported exceptional production of 101Mbbl/d (100%, 81 MBBL/d Woodside share) at 99.6% reliability from the Sangomar field
FAR received a provisional 2024 Contingent Payment from Woodside Energy of US$11.5 million
Woodside Energy made an indemnity claim of US$6,029,899 under the Sale and Purchase Agreement

Full Summary

FAR Limited (ASX: FAR) (Company or FAR), provided its quarterly activities report for the quarter ended 30 June 2025. Woodside Energy advised the ASX on 23 July 2025 in its 'Second Quarter Report' that the Sangomar field offshore Senegal achieved exceptional production of 101Mbbl/d (100%, 81 MBBL/d Woodside share) at 99.6% reliability, with production expected to come off plateau in Q3 2025. FAR received a provisional 2024 Contingent Payment from Woodside Energy of US$11.5 million during the quarter. Woodside Energy made an indemnity 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. The claim remains subject to engagement between FAR and Woodside. A capital return of 8 cents per share was paid on 12 June 2025 and after the end of the quarter, the Company received an ATO Class Ruling. Cash at quarter end was US$8.2 million (unaudited).