Quarterly Activities Report and Appendix 5B

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Stock FAR Ltd (FAR.ASX)
Release Time 24 Oct 2025, 8:26 a.m.
Price Sensitive Yes
 FAR Ltd Quarterly Activities Report and Appendix 5B
Key Points
  • Sangomar field offshore Senegal continued exceptional performance
  • Woodside Energy made a US$6,029,899 indemnity claim under the Sale and Purchase Agreement
  • FAR received a provisional 2024 Contingent Payment of US$11.5 million
Full Summary

FAR Limited (ASX: FAR) has released its quarterly activities report for the quarter ended 30 September 2025. The key highlights include:- Woodside Energy advised that the Sangomar field offshore Senegal continued exceptional performance, with 99 Mbbl/d produced (100% basis, 82 Mbbl/d Woodside share).- Woodside Energy has 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. FAR is continuing to engage with Woodside regarding its claim.- FAR received in May 2025 a provisional calendar year 2024 Contingent Payment of US$11.5 million as part of the consideration for the sale of its interest in the RSSD Project in Senegal to Woodside Energy.- FAR had US$7.9 million of cash at the end of the quarter, with expenditure totalling US$0.3 million during the September 2025 quarter, comprising mainly corporate and administration costs.