FAR Ltd - FAR share price

About

FAR Limited is an Australia-based oil and gas exploration and development company. The company has assets in West Africa, specifically in The Gambia and Guinea-Bissau, where it holds exploration licenses. In Australia, FAR Limited holds acreage in the state of Western Australia, particularly in the Dampier Sub-basin along the Northwest Shelf. This area is known for its prolific oil production. FAR Limited's subsidiary, Lightmark Enterprises Pty Ltd, has a 100% interest in Petroleum Exploration Permit WA-458-P in the aforementioned Dampier Sub-basin. Additionally, the company has exploration permits in offshore Western Australia, including WA-457-P and WA-458-P. FAR Limited has made significant exploration efforts in Senegal, with the FAN-1 and SNE-1 exploration wells. In Guinea-Bissau, the company holds offshore licenses known as Sinapa (Block 2) and Esperanca (Blocks 4A and 5A). The company operates in both the oil and gas sector, as well as the energy transition sector, indicating its involvement in transitioning to cleaner and more sustainable forms of energy.