• Sangomar field achieved average daily production rate of 99 Mbbl/d with 99.9% reliability
• Provisional 2025 Contingent Payment of US$23.7 million agreed with Woodside
• Intention to return surplus capital to shareholders via A$0.32 per share capital return

FAR Limited (ASX: FAR) released its quarterly activities report for the quarter ended 31 March 2026. Key highlights include: Woodside Energy advised that the Sangomar field offshore Senegal achieved an average daily production rate of 99 Mbbl/d (100% basis, 80 Mbbl/d Woodside share) with reliability of 99.9%. FAR has agreed a provisional 2025 Contingent Payment of US$23.7 million with Woodside in relation to the Sangomar Project, which is expected to be received in May 2026. FAR announced its intention to return surplus capital to shareholders via a proposed capital return of A$0.35 per share, subject to shareholder approval at the Company's upcoming annual general meeting on 28 May 2026. The Company had US$1.8 million in cash at the end of the quarter, with expenditure totaling US$0.1 million during the quarter, mainly on corporate and administration costs.