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FAR Limited Settles $6M Claim, Eyes Future from Sangomar’s Strong Output
8:48am on Friday 30th of January, 2026 AEDT
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Energy
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FAR Limited Settles $6M Claim, Eyes Future from Sangomar’s Strong Output
8:48am on Friday 30th of January, 2026 AEDT
Key Points
Sangomar field achieves 99,000 barrels per day at 99.2% reliability
FAR settles $6.03 million claim with Woodside, with potential refund clause
Provisional contingent payment of $11.5 million received for 2024 oil sales
Quarter-end cash balance stands at $1.9 million
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