The Board of FAR Limited (“FAR” or “the Company”) announces the outcome of the updated prospective resource estimates following the completion of internal technical studies. The new assessment of the prospective resources, on an un-risked, best-estimate basis, concludes that approximately seven billion barrels of hydrocarbon resources (5.4 billion barrels attributable to FAR) could be contained […]
February 27, 2013 | Posted in
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FAR Limited (“FAR”) has agreed to sell its 11.25% interest in permit WA-47-R in the Carnarvon Basin to Hydra Energy (WA) Pty Ltd, a company established and controlled by Hydra Energy Holdings Pty Ltd (“Hydra”). The WA-47-R block contains the small, undeveloped Sage field which is not considered a fit with FAR’s focus on high […]
East and West Africa focused oil and gas explorer, FAR Ltd, has appointed Peter Thiessen as Chief Financial Officer and Company Secretary. Mr Thiessen was previously CFO and company secretary of Flow Energy Limited, prior to the merger with FAR Ltd. His appointment coincides with the closure of FAR Ltd’s Perth office and relocation to […]
FAR Limited (FAR), an independent Australian Securities Exchange listed oil and gas explorer with high impact assets in West and East Africa has announced quarterly report for the period from 1 April 2012 to 30 June 2012 with the cash balance of $33.7M. FAR also announced the completion of 3D seismic survey over the L6 […]
Australian listed petroleum exploration company, FAR Ltd has successfully completed the data acquisition of their anticipated 3D seismic survey over some of the world’s most keenly sought petroleum exploration acreage off the coast of Kenya. FAR’s L6 permit off the Kenya coast lies in the Lamu Basin, north of recent, world scale, natural gas discoveries […]
July 12, 2012 | Posted in
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Australian listed petroleum exploration company, FAR Ltd commences data acquisition of their anticipated 3D seismic survey over some of the world’s most keenly sought petroleum exploration acreage off the coast of Kenya. The survey will cover 680km2 and is budgeted to cost $13.67M (FAR Ltd share $8.2M). The seismic survey is scheduled to commence acquisition […]
June 14, 2012 | Posted in
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Mobile TeleSystems OJSC, the leading telecommunications provider in Russia and the CIS, announces that it has signed a memorandum of understanding with VimpelCom OJSC (trademark “Beeline”), MegaFon OJSC and Rostelecom OJSC to jointly lay and operate an underwater fiber-optic cable joining the Russian Far East with Sakhalin Island. The project, dubbed ‘Sakhalin-Magadan-Kamchatka’, will kick-off in […]
May 15, 2012 | Posted in
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Far EasTone Telecommunications Co., Ltd. received an approval to connect Taiwan and China via the first direct undersea cable link, the Focus Taiwan reported. The cable should improve the quality of telecommunications between the two countries. According to Far EasTone the project is expected to be completed in the fourth quarter of this year. […]
March 29, 2012 | Posted in
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Pacnet, Asia’s leading telecommunications service provider, and Far EasTone’s subsidiary New Century InfoComm Tech Co. (NCIC), today announced a partnership to increase Taiwan’s network connectivity and resiliency. Through the partnership, Far EasTone will deliver additional terrestrial connectivity between Pacnet’s PoPs and the cable landing stations in Taiwan where EAC-C2C lands, while simultaneously increasing Far […]
