View Financial HealthFAR 배당 및 자사주 매입배당 기준 점검 2/6FAR 은(는) 현재 수익률이 13.01% 인 배당금 지급 회사입니다. 다음 지급일은 11th June, 2026 이며 배당락일은 다음과 같습니다. 2nd June, 2026.핵심 정보13.0%배당 수익률11.9%자사주 매입 수익률총 주주 수익률11.9%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일11 Jun 26배당락일02 Jun 26주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트Upcoming Dividend • May 28Inaugural dividend of AU$0.08 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 12 June 2025. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 7.2%.Upcoming Dividend • Aug 16Inaugural dividend of AU$0.40 per shareEligible shareholders must have bought the stock before 23 August 2023. Payment date: 31 August 2023. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 10%.모든 업데이트 보기Recent updates공시 • Apr 24FAR Limited, Annual General Meeting, May 28, 2026FAR Limited, Annual General Meeting, May 28, 2026.New Risk • Mar 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (AU$50.8m market cap, or US$36.4m).Upcoming Dividend • May 28Inaugural dividend of AU$0.08 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 12 June 2025. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 7.2%.공시 • Apr 24FAR Limited, Annual General Meeting, May 30, 2025FAR Limited, Annual General Meeting, May 30, 2025.New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (AU$43.9m market cap, or US$27.8m).Board Change • May 01High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Kaye is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.New Risk • Mar 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.6m free cash flow). Revenue is less than US$1m (US$884k revenue). Minor Risk Market cap is less than US$100m (AU$35.3m market cap, or US$23.1m).공시 • Mar 02FAR Limited, Annual General Meeting, May 31, 2024FAR Limited, Annual General Meeting, May 31, 2024.분석 기사 • Feb 21We're Not Very Worried About FAR's (ASX:FAR) Cash Burn RateThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...New Risk • Aug 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$38.5m market cap, or US$24.7m).Upcoming Dividend • Aug 16Inaugural dividend of AU$0.40 per shareEligible shareholders must have bought the stock before 23 August 2023. Payment date: 31 August 2023. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 10%.공시 • Jan 30FAR Limited Announces Board ChangesFAR Limited announced the resignation of Non-Executive Director Alan Stein, with immediate effect. FAR also announced the appointment of Garth Campbell-Cowan as a Director. Mr. Campbell-Cowan is the Company's Chief Financial Officer who was appointed to that position in April2022. He is an experienced executive, who has worked across a variety of ASX listed organisations, including previously as CFO of gold mining company St Barbara Limited. He is also a non-executive director of Navarre Minerals Limited.Recent Insider Transactions • Nov 26Independent Non-Executive Director recently bought AU$74k worth of stockOn the 24th of November, Alan Stein bought around 100k shares on-market at roughly AU$0.74 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$82k. Insiders have collectively bought AU$228k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Nov 16Independent Non-Executive Director recently bought AU$82k worth of stockOn the 9th of November, Alan Stein bought around 100k shares on-market at roughly AU$0.82 per share. This transaction increased Alan's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$154k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Nov 11Independent Non-Executive Director recently bought AU$82k worth of stockOn the 9th of November, Alan Stein bought around 100k shares on-market at roughly AU$0.82 per share. This transaction increased Alan's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$154k more in shares than they have sold in the last 12 months.공시 • Jul 12FAR Limited Announces Change Company SecretaryFAR Limited announced the appointment of Ms. Claire Newstead-Sinclair as Company Secretary. Ms. Newstead-Sinclair replaces Ms. Elisha Larkin who has resigned from the role of Company Secretary with effect from 11 July 2022. Ms. Newstead-Sinclair is employed at Vistra Australia, a professional advisory and corporate services firm. The appointment of Ms. Newstead-Sinclair supports the Board's drive to reduce fixed corporate overhead costs. Ms. Newstead-Sinclair has extensive ASX experience and has provided company secretarial and corporate advisory services to boards and various committees across several industry sectors. Ms. Larkin has been Company Secretary since 21 January 2020 and Mr. Patrick O'Connor, Chairman of FAR, thanked Ms. Larkin for her contribution and support to the Company.Recent Insider Transactions • May 20Independent Non-Executive Director recently bought AU$52k worth of stockOn the 16th of May, Alan Stein bought around 70k shares on-market at roughly AU$0.75 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$193k more in shares than they have sold in the last 12 months.Board Change • Apr 27High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Kaye is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 07FAR Limited Announces Executive ChangesFAR Limited advised that Chief Financial Officer Victoria McLellan has resigned and Garth Campbell-Cowan has been appointed as Chief Financial Officer. Ms. McLellan will finish with the Company at the end of April following a hand-over period with Mr. Campbell-Cowan. Mr. Campbell-Cowan is an experienced executive, working across a variety of ASX listed organizations, including most recently as CFO of gold mining company St Barbara Limited. He has been appointed on a contract basis for the period of transition of the Company.공시 • Apr 05FAR Limited, Annual General Meeting, May 31, 2022FAR Limited, Annual General Meeting, May 31, 2022, at 11:00 E. Australia Standard Time.Board Change • Apr 01High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Kaye is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공시 • Feb 21FAR Limited Completes Review of Prospectivity of A2 and A5 Blocks Offshore The GambiaFAR Limited has completed a review of the prospectivity of the A2 and A5 blocks offshore The Gambia, following the Bambo drilling campaign in late 2021. The drilling and logging data obtained on the main well (Bambo-1) and the side-track well (Bambo-ST1) confirmed both the presence of a prolific oil source in the area and that oil shows encountered whilst drilling were persistent over several hundred metres, confirming key reservoirs had access to this oil-generative kitchen. The Soloo prospect S440 and S410 objectives in the Bambo drilling campaign were found to have indications of hydrocarbons, but no significant oil volumes have been interpreted in the southern extension of the Sangomar Field in the A2 Block. However, oil shows in the Bambo prospect S390 and S400 reservoirs, encountered in the Bambo-1 and Bambo-ST1 wells have highlighted updip potential at both those levels in the A2 Block. These prospective target intervals form the new Panthera prospect. Further mapping of the potential oil-bearing reservoirs has opened additional, material exploration opportunities and FAR has high-graded three of the four mapped prospects for potential drilling: Panthera, Jatto and Malo. These three high-graded prospects each house multiple potential oil-bearing reservoir targets. Evaluation of samples taken from the drilling program remain under laboratory analysis and further work on mapping the deeper oil-bearing reservoirs is ongoing. FAR will now commence a farm-down of its interest in blocks A2 and A5 and in doing so, seek a carry on the cost of a well for drilling in late 2023 and a contribution to FAR's past costs. Future work program and budget for The Gambia project: Following the drilling of the Bambo wells, FAR, as Operator of the Joint Venture, is revising the work to be undertaken in 2022 and accordingly, the budget for the works. The current, Joint Venture approved 2022 budget is USD 9.56 million (50% to the account of FAR and 50% to co-venturer, Petronas) and FAR expects to reduce this by approximately 40% to USD 5.7 million for the 2022 year. This will require review and voting for the amended work program and budget by the Joint Venture which is scheduled for March 2022. Petronas are supportive of reducing the 2022 budgeted expenditure. FAR in The Gambia: In 2017, FAR acquired a working interest and operatorship in two highly prospective offshore blocks, A2 and A5, offshore The Gambia, located on trend with and adjacent to the giant Sangomar Oil Field offshore Senegal. Blocks A2 and A5 have been assessed to contain substantial prospective resources. FAR is Operator and holds a 50% paying and beneficial interest in blocks A2 and A5, with co-venturer, Petronas. During the quarter ending December 31, 2021, FAR concluded the drilling and formation evaluation operations for the Bambo-1 well and Bambo-1ST1 sidetrack well in Block A2, offshore The Gambia. Bambo-1 was initially drilled to a depth of 3216m MDBRT (measured depth below rotary table) and wireline logging data was obtained. The Bambo-1 well was then plugged and the Bambo-1ST1 (side-track) well drilled to a depth of 3317m MDBRT after which wireline logging was conducted. The side-track well was planned to be drilled to the final total depth through all target reservoirs and also to intersect zones of interest from the main well in a different location which will provide additional data and to sample potential oil. Interpretation of the cuttings and wireline logging information indicates that these zones have been charged with oil in rather poor-quality reservoirs and in traps that might have been breached, leaving behind some residual oils in the reservoirs. The side-track well also intersected oil shows in the Soloo Deep units not previously encountered by the original well or other wells in the area. The oil shows encountered were persistent over several hundred metres of section. The drilling operations of the Bambo-1 well and Bambo-1ST1 side-track well were conducted safely and within the amended budget. The well and side-track have subsequently been plugged and abandoned consistent with the planned well abandonment program. The well fulfils the minimum work obligation of drilling one exploration well for the Initial Exploration Periods for both the A2 and A5 Licences and hence FAR and its co-venturer have the right to enter the next period (First Exploration Period) for each of the licenses on expiry on September 30, 2022.공시 • Feb 02Samuel Terry Absolute Return Active Fund, managed by Samuel Terry Asset Management Pty Ltd made an offer to acquire remaining 95.1% stake in FAR Limited (ASX:FAR) from Farjoy Pty Ltd, Meridian Capital International Fund and others for AUD 42.7 million.Samuel Terry Absolute Return Active Fund, managed by Samuel Terry Asset Management Pty Ltd made an offer to acquire remaining 95.1% stake in FAR Limited (ASX:FAR) from Farjoy Pty Ltd, Meridian Capital International Fund and others for AUD 42.7 million on January 31, 2022. Offeror will pay AUD 0.45 per share in cash under the Offer. To fund the acquisition, Offeror has cash deposits at bank of approximately AUD 37.8 million and gold bullion backed liquid securities that may be readily sold on-market as required with a value of approximately AUD 39.5 million. If at the end of the Offer Period, Offeror acquires a Relevant Interest in at least 90% of the FAR Shares on issue, it will proceed with compulsory acquisition of the outstanding Shares and would procure the removal of FAR from the official list of ASX. Offeror will seek to obtain representation on the FAR Board which is at least consistent with its proportionate shareholding. The Offer is subject to a minimum acceptance condition of Offeror having a relevant interest in at least 50.1% of all FAR shares (on a fully diluted basis). The Offer is also conditional upon no material adverse change in relation to FAR, the S&P/ASX200 index or the Brent Crude Futures Price; no material acquisitions, disposals or new commitments in relation to FAR and its subsidiaries; FAR declares no distributions; no regulatory action and customary no prescribed occurrences in relation to FAR. Samuel Terry Asset Management Pty Ltd board recommends to accept the Offer. The Offer is expected to open on February 14, 2022 and close on March 14, 2022, unless extended. Allens acted as legal advisor and Boardroom Pty Limited acted as registrar to Samuel Terry Asset Management Pty Ltd. Baker & McKenzie LLP acted as legal advisor to FAR Limited.공시 • Dec 23FAR Limited Announces Bambo Well ResultsFAR Limited announced that it has concluded the drilling and formation evaluation operations for the Bambo-1ST1 well offshore The Gambia. Bambo-1 was initially drilled to a depth of 3216m MDBRT and wireline logging data was obtained. The Bambo-1 well was then plugged and the Bambo-1ST1 (side-track) well drilled to a depth of 3317m MDBRT after which, wireline loggings were conducted. The drilling and logging data obtained on the main well and the side-track well indicates that several target intervals in the well had oil shows, confirming a prolific oil source is present in the area. Samples were recovered from several levels. The presence or otherwise of any oil will be confirmed by laboratory analysis. The side-track well was planned to be drilled to the final total depth through all target reservoirs and also to intersect zones of interest from the main well in a different location which will provide additional data and to sample potential oil. Interpretation of the cuttings and wireline logging information indicates that these zones have been charged with oil in rather poor-quality reservoirs and in traps that might have been breached, leaving behind some residual oils in the reservoirs. The side-track well also intersected oil shows in the Soloo Deep units not previously encountered by the original well or other wells in the area. The oil shows encountered were persistent over several hundred metres, confirming access to the prolific oil-generative kitchen is present which may open additional material exploration opportunities and running room in both the A2 and A5 Blocks. The drilling operations of the Bambo-1 well and Bambo-1ST1 side-track well were conducted safely and within the amended budget. The well and side-track are being plugged and abandoned consistent with the planned well abandonment program for this type of exploration well.공시 • Dec 08Far Limited Provides Bambo-1 Well UpdateFAR Limited announced that the Bambo-1 well has drilled 3,216m MDBRT of a total planned depth of 3,450m MDBRT. Oil indications have been detected in rock cuttings and hydrocarbons have been interpreted across several intervals in the well from LWD data. Further wireline logging needs to be completed to confirm the finding. Drilling operations were temporarily halted at the current depth after significant fluid losses were experienced. These fluid losses were stabilised in accordance with standard offshore operating procedures, and FAR is now planning to plug and side-track the well to continue drilling to the planned total depth. Prior to side-tracking and provided hole conditions remain stable, FAR is undertaking a wireline logging program in the current well bore. FAR estimates that the cost to complete the well will increase from a total of USD 51.4 million to USD 61.27 million, an increase of USD 9.87 million or USD 4.935M net to FAR. FAR forecasts a cash balance of USD 37 million after the completion of the well, inclusive of the increase in Bambo-1 well costs. The addition of the side-track program has extended the period of operations which is now expected to be completed by the end of December 2021.Recent Insider Transactions • Aug 06Independent Non-Executive Chairman recently bought AU$76k worth of stockOn the 4th of August, Patrick O’Connor bought around 63k shares on-market at roughly AU$1.20 per share. This was the largest purchase by an insider in the last 3 months. Patrick has been a buyer over the last 12 months, purchasing a net total of AU$120k worth in shares.Price Target Changed • Jul 26Price target increased to AU$3.00Up from AU$2.60, the current price target is provided by 1 analyst. New target price is 133% above last closing price of AU$1.29. Stock is up 17% over the past year.예정된 배당 지급오늘May 23 2026배당락일Jun 02 2026배당 지급일Jun 11 20269 days (배당락일 기준)다음 배당금을 받으려면 앞으로 9 days일 이내에 매수하세요지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 FAR 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: FAR 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장FAR 배당 수익률 vs 시장FAR의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (FAR)13.0%시장 하위 25% (AU)2.8%시장 상위 25% (AU)6.9%업계 평균 (Oil and Gas)4.4%분석가 예측 (FAR) (최대 3년)n/a주목할만한 배당금: FAR 의 배당금( 13.01% )은 Australian 시장에서 배당금 지급자의 하위 25%( 2.76% )보다 높습니다.고배당: FAR 의 배당금( 13.01% )은 Australian 시장( 6.9% )주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 FAR 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: FAR 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YAU 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 13:50종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스FAR Limited는 10명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Peter ArdenBell PotterJohan HedstromCanaccord GenuityTim MastersCanaccord Genuity7명의 분석가 더 보기
Upcoming Dividend • May 28Inaugural dividend of AU$0.08 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 12 June 2025. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 7.2%.
Upcoming Dividend • Aug 16Inaugural dividend of AU$0.40 per shareEligible shareholders must have bought the stock before 23 August 2023. Payment date: 31 August 2023. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 10%.
공시 • Apr 24FAR Limited, Annual General Meeting, May 28, 2026FAR Limited, Annual General Meeting, May 28, 2026.
New Risk • Mar 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (AU$50.8m market cap, or US$36.4m).
Upcoming Dividend • May 28Inaugural dividend of AU$0.08 per shareEligible shareholders must have bought the stock before 04 June 2025. Payment date: 12 June 2025. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 7.2%.
공시 • Apr 24FAR Limited, Annual General Meeting, May 30, 2025FAR Limited, Annual General Meeting, May 30, 2025.
New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (AU$43.9m market cap, or US$27.8m).
Board Change • May 01High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Kaye is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
New Risk • Mar 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.6m free cash flow). Revenue is less than US$1m (US$884k revenue). Minor Risk Market cap is less than US$100m (AU$35.3m market cap, or US$23.1m).
공시 • Mar 02FAR Limited, Annual General Meeting, May 31, 2024FAR Limited, Annual General Meeting, May 31, 2024.
분석 기사 • Feb 21We're Not Very Worried About FAR's (ASX:FAR) Cash Burn RateThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
New Risk • Aug 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$38.5m market cap, or US$24.7m).
Upcoming Dividend • Aug 16Inaugural dividend of AU$0.40 per shareEligible shareholders must have bought the stock before 23 August 2023. Payment date: 31 August 2023. This is the first dividend for FAR since going public. The average dividend yield among industry peers is 10%.
공시 • Jan 30FAR Limited Announces Board ChangesFAR Limited announced the resignation of Non-Executive Director Alan Stein, with immediate effect. FAR also announced the appointment of Garth Campbell-Cowan as a Director. Mr. Campbell-Cowan is the Company's Chief Financial Officer who was appointed to that position in April2022. He is an experienced executive, who has worked across a variety of ASX listed organisations, including previously as CFO of gold mining company St Barbara Limited. He is also a non-executive director of Navarre Minerals Limited.
Recent Insider Transactions • Nov 26Independent Non-Executive Director recently bought AU$74k worth of stockOn the 24th of November, Alan Stein bought around 100k shares on-market at roughly AU$0.74 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$82k. Insiders have collectively bought AU$228k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Nov 16Independent Non-Executive Director recently bought AU$82k worth of stockOn the 9th of November, Alan Stein bought around 100k shares on-market at roughly AU$0.82 per share. This transaction increased Alan's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$154k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Nov 11Independent Non-Executive Director recently bought AU$82k worth of stockOn the 9th of November, Alan Stein bought around 100k shares on-market at roughly AU$0.82 per share. This transaction increased Alan's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$154k more in shares than they have sold in the last 12 months.
공시 • Jul 12FAR Limited Announces Change Company SecretaryFAR Limited announced the appointment of Ms. Claire Newstead-Sinclair as Company Secretary. Ms. Newstead-Sinclair replaces Ms. Elisha Larkin who has resigned from the role of Company Secretary with effect from 11 July 2022. Ms. Newstead-Sinclair is employed at Vistra Australia, a professional advisory and corporate services firm. The appointment of Ms. Newstead-Sinclair supports the Board's drive to reduce fixed corporate overhead costs. Ms. Newstead-Sinclair has extensive ASX experience and has provided company secretarial and corporate advisory services to boards and various committees across several industry sectors. Ms. Larkin has been Company Secretary since 21 January 2020 and Mr. Patrick O'Connor, Chairman of FAR, thanked Ms. Larkin for her contribution and support to the Company.
Recent Insider Transactions • May 20Independent Non-Executive Director recently bought AU$52k worth of stockOn the 16th of May, Alan Stein bought around 70k shares on-market at roughly AU$0.75 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$193k more in shares than they have sold in the last 12 months.
Board Change • Apr 27High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Kaye is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 07FAR Limited Announces Executive ChangesFAR Limited advised that Chief Financial Officer Victoria McLellan has resigned and Garth Campbell-Cowan has been appointed as Chief Financial Officer. Ms. McLellan will finish with the Company at the end of April following a hand-over period with Mr. Campbell-Cowan. Mr. Campbell-Cowan is an experienced executive, working across a variety of ASX listed organizations, including most recently as CFO of gold mining company St Barbara Limited. He has been appointed on a contract basis for the period of transition of the Company.
공시 • Apr 05FAR Limited, Annual General Meeting, May 31, 2022FAR Limited, Annual General Meeting, May 31, 2022, at 11:00 E. Australia Standard Time.
Board Change • Apr 01High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Kaye is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공시 • Feb 21FAR Limited Completes Review of Prospectivity of A2 and A5 Blocks Offshore The GambiaFAR Limited has completed a review of the prospectivity of the A2 and A5 blocks offshore The Gambia, following the Bambo drilling campaign in late 2021. The drilling and logging data obtained on the main well (Bambo-1) and the side-track well (Bambo-ST1) confirmed both the presence of a prolific oil source in the area and that oil shows encountered whilst drilling were persistent over several hundred metres, confirming key reservoirs had access to this oil-generative kitchen. The Soloo prospect S440 and S410 objectives in the Bambo drilling campaign were found to have indications of hydrocarbons, but no significant oil volumes have been interpreted in the southern extension of the Sangomar Field in the A2 Block. However, oil shows in the Bambo prospect S390 and S400 reservoirs, encountered in the Bambo-1 and Bambo-ST1 wells have highlighted updip potential at both those levels in the A2 Block. These prospective target intervals form the new Panthera prospect. Further mapping of the potential oil-bearing reservoirs has opened additional, material exploration opportunities and FAR has high-graded three of the four mapped prospects for potential drilling: Panthera, Jatto and Malo. These three high-graded prospects each house multiple potential oil-bearing reservoir targets. Evaluation of samples taken from the drilling program remain under laboratory analysis and further work on mapping the deeper oil-bearing reservoirs is ongoing. FAR will now commence a farm-down of its interest in blocks A2 and A5 and in doing so, seek a carry on the cost of a well for drilling in late 2023 and a contribution to FAR's past costs. Future work program and budget for The Gambia project: Following the drilling of the Bambo wells, FAR, as Operator of the Joint Venture, is revising the work to be undertaken in 2022 and accordingly, the budget for the works. The current, Joint Venture approved 2022 budget is USD 9.56 million (50% to the account of FAR and 50% to co-venturer, Petronas) and FAR expects to reduce this by approximately 40% to USD 5.7 million for the 2022 year. This will require review and voting for the amended work program and budget by the Joint Venture which is scheduled for March 2022. Petronas are supportive of reducing the 2022 budgeted expenditure. FAR in The Gambia: In 2017, FAR acquired a working interest and operatorship in two highly prospective offshore blocks, A2 and A5, offshore The Gambia, located on trend with and adjacent to the giant Sangomar Oil Field offshore Senegal. Blocks A2 and A5 have been assessed to contain substantial prospective resources. FAR is Operator and holds a 50% paying and beneficial interest in blocks A2 and A5, with co-venturer, Petronas. During the quarter ending December 31, 2021, FAR concluded the drilling and formation evaluation operations for the Bambo-1 well and Bambo-1ST1 sidetrack well in Block A2, offshore The Gambia. Bambo-1 was initially drilled to a depth of 3216m MDBRT (measured depth below rotary table) and wireline logging data was obtained. The Bambo-1 well was then plugged and the Bambo-1ST1 (side-track) well drilled to a depth of 3317m MDBRT after which wireline logging was conducted. The side-track well was planned to be drilled to the final total depth through all target reservoirs and also to intersect zones of interest from the main well in a different location which will provide additional data and to sample potential oil. Interpretation of the cuttings and wireline logging information indicates that these zones have been charged with oil in rather poor-quality reservoirs and in traps that might have been breached, leaving behind some residual oils in the reservoirs. The side-track well also intersected oil shows in the Soloo Deep units not previously encountered by the original well or other wells in the area. The oil shows encountered were persistent over several hundred metres of section. The drilling operations of the Bambo-1 well and Bambo-1ST1 side-track well were conducted safely and within the amended budget. The well and side-track have subsequently been plugged and abandoned consistent with the planned well abandonment program. The well fulfils the minimum work obligation of drilling one exploration well for the Initial Exploration Periods for both the A2 and A5 Licences and hence FAR and its co-venturer have the right to enter the next period (First Exploration Period) for each of the licenses on expiry on September 30, 2022.
공시 • Feb 02Samuel Terry Absolute Return Active Fund, managed by Samuel Terry Asset Management Pty Ltd made an offer to acquire remaining 95.1% stake in FAR Limited (ASX:FAR) from Farjoy Pty Ltd, Meridian Capital International Fund and others for AUD 42.7 million.Samuel Terry Absolute Return Active Fund, managed by Samuel Terry Asset Management Pty Ltd made an offer to acquire remaining 95.1% stake in FAR Limited (ASX:FAR) from Farjoy Pty Ltd, Meridian Capital International Fund and others for AUD 42.7 million on January 31, 2022. Offeror will pay AUD 0.45 per share in cash under the Offer. To fund the acquisition, Offeror has cash deposits at bank of approximately AUD 37.8 million and gold bullion backed liquid securities that may be readily sold on-market as required with a value of approximately AUD 39.5 million. If at the end of the Offer Period, Offeror acquires a Relevant Interest in at least 90% of the FAR Shares on issue, it will proceed with compulsory acquisition of the outstanding Shares and would procure the removal of FAR from the official list of ASX. Offeror will seek to obtain representation on the FAR Board which is at least consistent with its proportionate shareholding. The Offer is subject to a minimum acceptance condition of Offeror having a relevant interest in at least 50.1% of all FAR shares (on a fully diluted basis). The Offer is also conditional upon no material adverse change in relation to FAR, the S&P/ASX200 index or the Brent Crude Futures Price; no material acquisitions, disposals or new commitments in relation to FAR and its subsidiaries; FAR declares no distributions; no regulatory action and customary no prescribed occurrences in relation to FAR. Samuel Terry Asset Management Pty Ltd board recommends to accept the Offer. The Offer is expected to open on February 14, 2022 and close on March 14, 2022, unless extended. Allens acted as legal advisor and Boardroom Pty Limited acted as registrar to Samuel Terry Asset Management Pty Ltd. Baker & McKenzie LLP acted as legal advisor to FAR Limited.
공시 • Dec 23FAR Limited Announces Bambo Well ResultsFAR Limited announced that it has concluded the drilling and formation evaluation operations for the Bambo-1ST1 well offshore The Gambia. Bambo-1 was initially drilled to a depth of 3216m MDBRT and wireline logging data was obtained. The Bambo-1 well was then plugged and the Bambo-1ST1 (side-track) well drilled to a depth of 3317m MDBRT after which, wireline loggings were conducted. The drilling and logging data obtained on the main well and the side-track well indicates that several target intervals in the well had oil shows, confirming a prolific oil source is present in the area. Samples were recovered from several levels. The presence or otherwise of any oil will be confirmed by laboratory analysis. The side-track well was planned to be drilled to the final total depth through all target reservoirs and also to intersect zones of interest from the main well in a different location which will provide additional data and to sample potential oil. Interpretation of the cuttings and wireline logging information indicates that these zones have been charged with oil in rather poor-quality reservoirs and in traps that might have been breached, leaving behind some residual oils in the reservoirs. The side-track well also intersected oil shows in the Soloo Deep units not previously encountered by the original well or other wells in the area. The oil shows encountered were persistent over several hundred metres, confirming access to the prolific oil-generative kitchen is present which may open additional material exploration opportunities and running room in both the A2 and A5 Blocks. The drilling operations of the Bambo-1 well and Bambo-1ST1 side-track well were conducted safely and within the amended budget. The well and side-track are being plugged and abandoned consistent with the planned well abandonment program for this type of exploration well.
공시 • Dec 08Far Limited Provides Bambo-1 Well UpdateFAR Limited announced that the Bambo-1 well has drilled 3,216m MDBRT of a total planned depth of 3,450m MDBRT. Oil indications have been detected in rock cuttings and hydrocarbons have been interpreted across several intervals in the well from LWD data. Further wireline logging needs to be completed to confirm the finding. Drilling operations were temporarily halted at the current depth after significant fluid losses were experienced. These fluid losses were stabilised in accordance with standard offshore operating procedures, and FAR is now planning to plug and side-track the well to continue drilling to the planned total depth. Prior to side-tracking and provided hole conditions remain stable, FAR is undertaking a wireline logging program in the current well bore. FAR estimates that the cost to complete the well will increase from a total of USD 51.4 million to USD 61.27 million, an increase of USD 9.87 million or USD 4.935M net to FAR. FAR forecasts a cash balance of USD 37 million after the completion of the well, inclusive of the increase in Bambo-1 well costs. The addition of the side-track program has extended the period of operations which is now expected to be completed by the end of December 2021.
Recent Insider Transactions • Aug 06Independent Non-Executive Chairman recently bought AU$76k worth of stockOn the 4th of August, Patrick O’Connor bought around 63k shares on-market at roughly AU$1.20 per share. This was the largest purchase by an insider in the last 3 months. Patrick has been a buyer over the last 12 months, purchasing a net total of AU$120k worth in shares.
Price Target Changed • Jul 26Price target increased to AU$3.00Up from AU$2.60, the current price target is provided by 1 analyst. New target price is 133% above last closing price of AU$1.29. Stock is up 17% over the past year.