Australia-listed minnow FAR has given up its plans to grow and instead opted to wind down its business and return cash to shareholders.
PetroNor E&P has signed a licence to explore the A4 licence, off The Gambia.
Petronas has officially transferred its stake in two Gambian blocks to Australian minnow FAR, which will now seek a new partner to support exploration.
The Gambia has acknowledged a heavy fuel oil (HFO) spill in the West Coast Region, seemingly caused by a ruptured pipeline.
The Gambia has launched a request for proposal (RFP) to find a new partner on Block A1, which BP exited in August 2020.
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.
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.
Drilling problems at Bambo-1, offshore The Gambia, will see costs rise by around $10 million, operator minnow FAR has warned.
Australia’s FAR has begun drilling the Bambo-1 exploration well, offshore The Gambia.
A Royal Navy ship is on its way to the Gulf of Guinea, amid a continued focus on security.
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 has agreed to pay cash to The Gambia in order to avoid the drilling of an exploration well on Block A1.
Australian minnow FAR has announced plans to return cash to shareholders, while still going ahead with drilling a well off The Gambia.
Shareholders in MSGBC Basin-focused FAR have rejected the company’s remuneration report, although backing various corporate measures.
FAR has booked a Stena Drilling rig for an exploration well in The Gambia at the end of the year.
PetroNor E&P has reached an agreement with The Gambia, relinquishing its claim to one block while cementing its hold on another.
Senegal and Oslo-listed PetroNor have reached an agreement to suspend arbitration for six months in a dispute focused on two offshore blocks.
TGS has begun a 3D seismic survey offshore The Gambia, under its Gambito 2020 programme.
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.
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
Australia’s FAR has awarded a contract to acquire 3D seismic in The Gambia to Shearwater GeoServices.
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
Erin Energy has successfully completed acquisition of a new 3D seismic survey off the coast of The Gambia.
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.