• Sangomar field achieved 99 Mbbl/d production at 99.2% reliability
• FAR settled claim with Woodside for US$6,029,899
• Cash balance of US$1.9 million at quarter end

FAR Limited (ASX: FAR) released its quarterly activities report for the quarter ended 31 December 2025. The key highlights include: Woodside Energy advised that the Sangomar field offshore Senegal achieved an average daily production rate of 99 Mbbl/d (100% basis, 84 Mbbl/d Woodside share) at 99.2% reliability. FAR entered into an agreement with Woodside to settle a claim arising from the sale of FAR's interest in the RSSD Project in 2021, with FAR paying US$6,029,899 to Woodside. The agreement also provides for potential recovery of the payment if Woodside is able to recover the past petroleum expenditure from the Senegal Ministry of Energy, Petroleum and Mines prior to 31 December 2030. FAR had US$1.9 million of cash at the end of the quarter, with expenditure totaling US$0.1 million during the quarter, comprising mainly corporate and administration costs.