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FAR Ltd director takes opportunity to buy shares on market

The oil and gas explorer has key assets located offshore West Africa.

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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.

Quick facts: FAR Ltd

Price: 0.0175 AUD

ASX:FAR
Market: ASX
Market Cap: $174.63 m
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Watch

FAR Ltd's Cath Norman calls US investors' response to its northwest Africa...

FAR Ltd (ASX: FAR) Managing Director Cath Norman visited the Proactive Investors' New York studio Thursday to update US investors on the company's assets in northwest Africa, saying the reaction from investors has been 'terrific.' Norman says the oil exploration company has drilled 11 oil...

on 03/14/2019

2 min read