Prix FAR Limited (FARYF)

FAR Ltd. is an oil and gas exploration and development company, with engages in the assets in West Africa, East Africa, and Australia. The company is headquartered in Melbourne, Victoria. The principal activities of the Company are identifying and developing strategies to realize value from the consideration receivable for the sale of its interest in the RSSD Project in Senegal to Woodside Energy (Senegal) BV (Woodside Energy). The firm has rights to a contingent payment, as consideration for the sale of its interest in the RSSD Project. The contingent payment comprises 45% of entitlement barrels (being the share of oil relating to its previously held 13.67% of the RSSD Project comprising the Sangomar Field exploitation area of interest), multiplied by the excess of the crude oil price per barrel and US$58 per barrel (capped at US$70 per barrel).