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FAR Limited Eyes $55M Windfall as Sangomar Field Hits 95 Mboe/Day
8:22am on Friday 24th of January, 2025 AEDT
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Oil and Gas
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FAR Limited Eyes $55M Windfall as Sangomar Field Hits 95 Mboe/Day
8:22am on Friday 24th of January, 2025 AEDT
Key Points
Sangomar field achieves 95 Mboe/day production in Q4 2024
FAR holds contingent payment rights up to US$55 million from Woodside Energy
Company ends quarter with US$1.7 million cash balance
FPSO commissioning and gas/water injection systems successfully completed
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