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The latest announcement is out from FAR Ltd ( (AU:FAR) ).
FAR Limited has agreed with Woodside Energy to receive a provisional 2025 contingent payment of US$23.7 million tied to oil sales from the Sangomar project, following an initial US$11.5 million tranche received in 2025. The latest payment reflects Woodside’s reported 2025 production volumes and reduces the maximum remaining contingent amount payable to FAR to US$19.8 million.
With the expected receipt of these funds in April 2026, FAR’s board has determined that the company will hold surplus capital and plans to return approximately A$32.3 million to shareholders via a proposed capital return of 35 cents per share. The move, subject to shareholder approval at the May 2026 annual general meeting and a tax ruling to confirm the payment is not treated as a dividend, continues FAR’s strategy of distributing excess proceeds from the Sangomar asset sale to investors.
The most recent analyst rating on (AU:FAR) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on FAR Ltd stock, see the AU:FAR Stock Forecast page.
More about FAR Ltd
FAR Limited is an Australia-listed oil and gas company that previously held a 13.67% interest in the Sangomar offshore oil project in Senegal. The company has since sold this stake to Woodside Energy but retains economic exposure through contingent payments linked to future oil production and pricing from the field.
YTD Price Performance: 34.94%
Average Trading Volume: 119,617
Technical Sentiment Signal: Hold
Current Market Cap: A$51.75M
For a thorough assessment of FAR stock, go to TipRanks’ Stock Analysis page.