ASX Share rice
Sat 15 May 2021 - 02:18:am (Sydney)

FAR Share Price

FAR LIMITEDFAREnergy

FAR Company Information

Name:

FAR Limited

Sector:

Energy

Industry:

Oil & Gas E&P

GIC Industry:

Oil, Gas & Consumable Fuels

GIC Sub Industry:

Oil & Gas Exploration & Production

Address:

530 Collins Street Melbourne VIC Australia 3000

Phone:

61 3 9618 2550

MD & Exec. Director:

Ms. Catherine Margaret Norman

Chief Financial Officer:

Mr. Peter Anthony Thiessen C.A., BBus, CA

Exec. Director - Commercial:

Mr. Timothy Roy Woodall B.Sc., FCPA

Exploration Mang.:

Mr. Peter John Nicholls

Chief Geoscientist:

Mr. Jon Keall

Président Director Général of Senegal:

Mr. Bruno Delanoue

Company Sec.:

Ms. Elisha Larkin B.Com., BCom (Hons), M.Commer. Law, BAgrSc(Hons)

Admin. Mang. of Australia:

Ms. June Ann Atling

Company Overview:

FAR Limited operates as an oil and gas exploration and development company with primary assets located in Africa and Australia. The company holds interest in approximately nine exploration blocks in the Senegal, the Gambia, the Guinea-Bissau, and the Kenya projects covering an area of 31,400 square kilometers in West and East Africa. It also holds a petroleum exploration permit in Western Australia. The company was formerly known as First Australian Resources NL and changed its name to FAR Limited in 2010. FAR Limited was incorporated in 1984 and is headquartered in Melbourne, Australia.

FAR Share Price Information

Shares Issued:

9.98B

Market Capitalisation:

$109.77M

Revenue (TTM):

$291.36K

Earnings per Share:

$-0.001

Operating Margin (TTM):

$-55.14

Return On Assets (TTM):

$-0.06

Return On Equity (TTM):

$-0.11

Gross Profit(TTM):

$291.36K

Diluted Earnings Per Share (TTM):

$-0.01

FAR CashFlow Statement

CashFlow Date:

2020-12-31

Investments:

$-93,055,620.62

Change To Liabilities:

$-573,746

Total Cashflow From Investing Activities:

$-71,671,439

Net Borrowings:

$-398,353

Net Income:

$-75,694,730

Total Cash From Operating Activities:

$-17,517,971

Depreciation:

$442.82K

Other Cashflow From Investing Activities:

$216.63K

Change To Account Receivables:

$342.90K

Sale Purchase Of Stock:

$107.55M

Capital Expenditures:

$71.89M

FAR Income Statement

Income Date:

2020-12-31

Income Before Tax:

$-15,143,040

Net Income:

$-75,694,730

Gross Profit:

$-3,447,160

Operating Income:

$-15,923,960

Other Operating Expenses:

$-74,365

Interest Expense:

$201.25

Total Revenue:

$216.63K

Cost Of Revenue:

$3.66M

FAR Balance Sheet

Balance Sheet Date:

2020-12-31

Total Liabilities:

$37.04M

Total Stockholder Equity:

$157.67M

Other Current Liabilities:

$35.61M

Total Assets:

$194.71M

Common Stock:

$439.62M

Other Current Assets:

$161.37M

Retained Earnings:

$-286,537,350

Other Liabilities:

$24.51K

Cash:

$1.46M

Total Current Liabilities:

$36.95M

Property - Plant & Equipment:

$6.38M

Net Tangible Assets:

$157.67M

Total Current Assets:

$188.33M

Net Receivables:

$678.50K

Short-Term Investments:

$8.28M

Accounts Payable:

$110.25K

Short-Term Investments:

$8.28

Non Current Liabilities Total:

$114.94K

FAR Share Price History

FAR News

11 Nov, 2020
Seeking to rebuild itself amid a downturn in the oil and gas industry, cash-strapped FAR defaulted on its project contributions in June and warned it would forfeit its interest without compensation if obligations were not fulfilled within six months. Sangomar is a joint venture with Australia's Woodside Petroleum and Senegal's national oil company, Petrosen.
30 Jul, 2020
Every investor in FAR Limited (ASX:FAR) should be aware of the most powerful shareholder groups. Institutions often...
16 Jul, 2020
FAR said in March it had failed to secure debt to fund the more than $300 million it needs for its share of the project after global oil prices collapsed amid the coronavirus pandemic. In a further effort to save cash, FAR said is looking to bring in a partner for its Gambian assets before proceeding with drilling at the project in 2021.
24 Jun, 2020
Australian listed oil and gas company FAR Ltd said on Wednesday its unit had defaulted on its obligations to the Sangomar joint venture project in Senegal while the company looks to save cash and sell its interest in the project. Sangomar, operated by Australia's Woodside Petroleum , has been a pain-point for FAR in recent months after the company failed to secure debt to fund it, following a plunge in global oil prices amid the coronavirus pandemic. FAR said it was still considering selling all or part of its interest in the project, adding that it would forfeit its interest without compensation if obligations were not fulfilled within six months.