The end looms for FAR amid cash return plans
Australia-listed minnow FAR has given up its plans to grow and instead opted to wind down its business and return cash to shareholders.
The Gambia
PetroNor commits to A4 exploration
PetroNor E&P has signed a licence to explore the A4 licence, off The Gambia.
Petronas out of Gambia, while FAR steps up
Petronas has officially transferred its stake in two Gambian blocks to Australian minnow FAR, which will now seek a new partner to support exploration.
Major HFO spill extends into Gambia River
The Gambia has acknowledged a heavy fuel oil (HFO) spill in the West Coast Region, seemingly caused by a ruptured pipeline.
The Gambia launches A1 mini bid round
The Gambia has launched a request for proposal (RFP) to find a new partner on Block A1, which BP exited in August 2020.
Offer launched for West Africa-focused FAR
Samuel Terry Asset Management has set out a plan to buy Australian-listed FAR through a cash offer of A$0.45 ($0.31) per share.
Restive shareholder exits FAR, following Bambo miss
Australian minnow FAR (ASX:FAR) is likely to be breathing a sigh of relief on the notice that Allan Gray is no longer a substantial holder, although there remain questions for the future.
FAR to side track Bambo well as costs rise
Drilling problems at Bambo-1, offshore The Gambia, will see costs rise by around $10 million, operator minnow FAR has warned.
FAR spuds well offshore Gambia
Australia’s FAR has begun drilling the Bambo-1 exploration well, offshore The Gambia.
HMS Trent sets sights on security in Gulf of Guinea
A Royal Navy ship is on its way to the Gulf of Guinea, amid a continued focus on security.
Energy poverty vs ESG emission concerns
Tackling emissions has come to dominate discussions around ESG, driving concerns that progress is slipping on tackling the energy gap that continues in many African states.
BP skips Gambian exploration with cash payment
BP has agreed to pay cash to The Gambia in order to avoid the drilling of an exploration well on Block A1.
FAR capital return to sweeten pill on trading resumption
Australian minnow FAR has announced plans to return cash to shareholders, while still going ahead with drilling a well off The Gambia.
Shareholder vote turns against FAR plans
Shareholders in MSGBC Basin-focused FAR have rejected the company’s remuneration report, although backing various corporate measures.
FAR lines up Stena rig for Gambian exploration
FAR has booked a Stena Drilling rig for an exploration well in The Gambia at the end of the year.
PetroNor reaches Gambian deal
PetroNor E&P has reached an agreement with The Gambia, relinquishing its claim to one block while cementing its hold on another.
PetroNor, Senegal set aside arbitration for now
Senegal and Oslo-listed PetroNor have reached an agreement to suspend arbitration for six months in a dispute focused on two offshore blocks.
TGS fires into Gambian deepwater survey
TGS has begun a 3D seismic survey offshore The Gambia, under its Gambito 2020 programme.
FAR under strain with Sangomar financing
Australia’s FAR has temporarily suspended plans for drilling offshore The Gambia, in response to the coronavirus pandemic, while the oil price crash has made talks on securing debt for Senegal’s Sangomar development harder.
Glencore lines up to take FAR’s Sangomar crude
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
Shearwater wins Gambian work for FAR
Australia’s FAR has awarded a contract to acquire 3D seismic in The Gambia to Shearwater GeoServices.
FAR sets out Sangomar financing plan
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
Erin completes seismic survey off The Gambia
Erin Energy has successfully completed acquisition of a new 3D seismic survey off the coast of The Gambia.
Erin Energy starts Africa 3D seismic survey work
Erin Energy has begun shooting a 3D seismic survey off the coast of The Gambia. The work, through its subsidiary Camac Energy Gambia Limited, will be carried out using the Palarcus Alima vessel. The survey is expected to take 50 days to complete and will cover approximately 1,500 square kilometres on Erin Energy’s A2 and A5 blocks.