Proactive Investors - Run By Investors For Investors

FAR Ltd director takes opportunity to buy shares on market

The oil and gas explorer has key assets located offshore West Africa.
man with briefcase running up ascending share price arrow
The director purchases can be seen as a vote of confidence in the company

FAR Ltd (ASX:FAR) has had its non-executive director Tim Woodall purchase 250,000 shares through on-market trades at an average price of 8.2 cents.

The purchase increases Woodall’s total holding in the company to 2.25 million shares.

READ: FAR Ltd remains upbeat after completing Samo-1 well

FAR recently submitted the development and exploration plan to the Senegal government for the SNE oil field located offshore Senegal.

The plan outlines the full field multi-phase development of oil and gas and details how the field will be developed in a series of phases.

These phases plan to develop a 500-million barrels of oil operation with a plateau production of 100,000 barrels of oil per day.

View full FAR profile View Profile

FAR Ltd Timeline

Related Articles

oil wells
November 22 2018
Highlands has been undertaking fracking operations at its East Denver acreage recently
oil and gas operations
November 12 2018
The second well at Verbier has the potential to significantly upgrade the size and commercial potential of the presently undeveloped oil field
Offshore oil rig
November 01 2018
Calculated EMV10s for the contingent resources stood at US$118mln and US$82mln for the prospective resources

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use