Past year: ▼ 22%(28.0c – 62.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2026capital raising announcement▲ GoodMajor
Woodside agreed a provisional 2025 contingent payment of US$23.7M, expected April 2026. FAR plans a 35 cent per share capital return (about A$32.3M), subject to approval at the 28 May 2026 AGM. Maximum future contingent payment becomes US$19.8M.
23 Apr 2025capital raising announcement▲ GoodMajor
Woodside will pay a provisional US$11.5M in May 2025, and FAR plans an 8 cent per share capital return (about A$7.4M), subject to approval at the 30 May AGM. Funds are held back for the possible Woodside indemnity claim, which FAR does not concede.
19 June 2023capital raising announcement▲ GoodMajor
FAR proposes a 40 cent per share capital return (about US$25M of roughly US$30M cash), to go to a shareholder vote in mid-August. The on-market buy-back is terminated. No new business initiative offering better returns had been identified.
15 Sept 2021capital raising announcement▲ GoodMajor
Shareholders approved the A$0.80 per share cash return of capital on 15 September. Shares trade ex-return from 20 September, with the record date 21 September and payment 28 September. An ATO class ruling is still pending.
22 July 2021capital raising announcement▲ GoodMajor
FAR has US$127M cash and no debt after the Senegal sale. It plans to return about A$80M (A$0.80 per share) to shareholders, subject to a vote, and has applied for ASX reinstatement on 23 July. It remains an oil and gas explorer.
17 Jan 2020capital raising announcement● Neutral
The share purchase plan closed with applications of A$11.18M, all accepted in full. FAR expects to issue 263,149,039 shares at 4.25c each; existing holders could apply for up to A$30,000 each.
What it means for a shareholder
263m new shares at A$0.0425 to raise about A$11.2m. That's 4.0% dilution: every existing holder's slice gets 4.0% smaller. If you held A$1,000 of shares (23,529 at the issue price), your slice goes from 0.000375% to 0.00036% of the company. To keep it you'd need 986 more shares - about A$42 at the issue price.
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16 Dec 2019capital raising announcement● Neutral
Chairman's letter accompanying the meeting notice and SPP. It says funding is a mix of equity and bank debt for FAR's US$492M share of capex to first oil in early 2023, and that directors will take up their full SPP entitlements. Largest shareholder joined the placement.
16 Dec 2019capital raising announcement● Neutral
Share Purchase Plan booklet opens 16 December: eligible Australian and New Zealand holders can buy up to A$30,000 each at 4.25c, a 12.0% discount to the 5-day VWAP, closing 14 January 2020. Offer terms only, no new information beyond the 12 December raising.
12 Dec 2019capital raising announcement● NeutralMajor
FAR completed a conditional A$146M placement at A$0.0425 a share (21.3% below last close), plus a share purchase plan of up to A$30M, to fund its Sangomar capex. It needs a 16 January 2020 shareholder vote and a credit-approved US$350M senior debt term sheet by 31 December.
2 May 2019capital raising announcement● NeutralMajor
FAR raised about A$45M through a placement of 818.9M shares at 5.5 cents, a 1.8% discount to the last close. Funds go to its SNE share, the proposed 2020 drilling and Australian seismic. Shares on issue rise to about 6.28bn, so existing holders are diluted.
What it means for a shareholder
819m new shares at A$0.055 to raise about A$45.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (18,182 at the issue price), your slice goes from 0.000333% to 0.000289% of the company. To keep it you'd need 2,726 more shares - about A$150 at the issue price.
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7 Apr 2017capital raising announcement▲ GoodMajor
FAR completed its fully underwritten A$80M placement at 8.0c, a 4.8% discount, saying it was significantly oversubscribed. A$54M settles first; A$26M needs shareholder approval around 15 May. Cash after tranche 1 is over A$85M, no debt, funding FAR to the SNE final investment decision expected early 2019.
6 Apr 2017capital raising announcement● NeutralMajor
FAR launched a fully underwritten A$80M placement of 1,000M shares at 8.0c, a 4.8% discount. A$54M comes first and A$26M needs shareholder approval around 15 May. Funds Senegal work and the Gambia blocks. VR-1's deeper Aptian target showed hydrocarbons judged not commercially significant.
What it means for a shareholder
1.00bn new shares at A$0.080 to raise about A$80.0m. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00028% to 0.000229% of the company. To keep it you'd need 2,802 more shares - about A$224 at the issue price.
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15 Apr 2016capital raising announcement● NeutralMajor
FAR raised A$60m via a placement of 705.9m shares at 8.5c, a 6.6% discount to the last close, to fund Senegal drilling and evaluation. About A$47m settles first; about A$13m needs shareholder approval at a 26 May EGM. Shares on issue will rise to about 4.41bn.
What it means for a shareholder
706m new shares at A$0.085 to raise about A$60.0m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (11,765 at the issue price), your slice goes from 0.000317% to 0.000267% of the company. To keep it you'd need 2,240 more shares - about A$190 at the issue price.
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25 Nov 2015capital raising announcement● NeutralMajor
The entitlement offer completed with 187.8m new shares issued at 8c, taking shares on issue to 3,693,650,099. This finishes the A$40m raising begun on 23 October. FARJOY remains the largest holder at about 11%.
What it means for a shareholder
188m new shares at A$0.080 to raise about A$15.0m. That's 4.8% dilution: every existing holder's slice gets 4.8% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.000338% to 0.000322% of the company. To keep it you'd need 636 more shares - about A$51 at the issue price.
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23 Nov 2015capital raising announcement● Neutral
Entitlement offer drew valid applications for about A$7.1m of the roughly A$15m. The shortfall of 99.0m shares (about A$7.9m) falls to the underwriters, RBC and Bell Potter. New shares are due to trade 26 November.
18 Nov 2015capital raising announcement● Neutral
The underwritten 1-for-17 entitlement offer at 8c closes today. The managing director, chairman and director Reg Nelson are taking up their rights. No new terms.
4 Nov 2015capital raising announcement● Neutral
Notice to shareholders outside Australia and New Zealand that they cannot take part in the 1-for-17 entitlement offer at 8c. Entitlements are non-renounceable, so they receive no payment or value. Administrative; no new terms.
4 Nov 2015capital raising announcement● Neutral
Letter to nominees and custodians on how the 1-for-17 entitlement offer at 8c applies to their clients. Only Australian and New Zealand holders are eligible; none for US persons. Administrative; no new terms.
4 Nov 2015capital raising announcement● Neutral
Entitlement offer booklet for the 1-for-17 offer at 8c, closing 18 November, underwritten by RBC and Bell Potter. Visible text is legal notices and risk warnings; terms match the 23 October announcement.
30 Oct 2015capital raising announcement▲ GoodMajor
The A$25m placement completed: 312.5m shares issued at 8c. Proceeds are for the two SNE appraisal wells and Bellatrix. This completes the institutional half of the A$40m raising announced 23 October.
What it means for a shareholder
313m new shares at A$0.080 to raise about A$25.0m. That's 7.8% dilution: every existing holder's slice gets 7.8% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.000338% to 0.000312% of the company. To keep it you'd need 1,058 more shares - about A$85 at the issue price.
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23 Oct 2015capital raising announcement● NeutralMajor
FAR is raising about A$40m at 8c per share: a A$25m placement plus a 1-for-17 underwritten entitlement offer for about A$15m. Price is an 11.1% discount to the last trade. Funds go to the two SNE appraisal wells and Bellatrix, following the cash decline to A$43.6m.
23 Oct 2015capital raising announcement● Neutral
Letter to optionholders: to join the entitlement offer, options must be exercised and shares registered before the 29 October record date. Administrative; no new terms.
23 Oct 2015capital raising announcement● Neutral
Shareholder letter with mandatory details of the 1-for-17 entitlement offer at 8c: up to 187.8m new shares, record date 29 October, closing 18 November. Non-takers are diluted and entitlements are non-renounceable. Total shares would reach about 3.69bn.
27 Oct 2014capital raising announcement● Neutral
Confirms 424,961,685 shares issued at 11c, giving 3,126,808,427 shares on issue; dilution to existing holders is 15.7%. Bell Potter, as sole lead manager, was paid a 4% fee. Administrative follow-up to the 20 October raise.
What it means for a shareholder
425m new shares at A$0.110 to raise about A$46.7m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (9,091 at the issue price), your slice goes from 0.000291% to 0.000256% of the company. To keep it you'd need 1,236 more shares - about A$136 at the issue price.
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20 Oct 2014capital raising announcement▲ GoodMajor
FAR raised A$46.7m via an oversubscribed placement of 424,961,685 shares at 11c, an 18.5% discount to market, lifting cash to about A$85m. Cost overruns and the FAN-1 discovery pushed Senegal costs above the funding cap; FAR expects to pay about US$35m.
What it means for a shareholder
425m new shares at A$0.110 to raise about A$46.7m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (9,091 at the issue price), your slice goes from 0.000336% to 0.000291% of the company. To keep it you'd need 1,430 more shares - about A$157 at the issue price.
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2 June 2014capital raising announcement● NeutralMajor
FAR raises A$8 million by placing 200 million new shares at 4 cents, a 15% discount to market. Funds go to Kenya exploration, possibly speeding up the Miocene reef oil play evaluation, and working capital. Shares rise to 2,699,846,742 (about 7.4% dilution).
What it means for a shareholder
200m new shares at A$0.040 to raise about A$8.0m. That's 7.4% dilution: every existing holder's slice gets 7.4% smaller. If you held A$1,000 of shares (25,000 at the issue price), your slice goes from 0.001% to 0.000926% of the company. To keep it you'd need 2,000 more shares - about A$80 at the issue price.
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23 Apr 2012capital raising announcement▲ Good
The Share Purchase Plan is allotted, raising $3m through 69.77m shares after pro rata scale-back. With the $12m placement, funds the Kenya L6 and L9 programmes. Completes the $15m raising at 4.3c.
What it means for a shareholder
69.8m new shares at about A$0.043 to raise about A$3.0m. That's 7.4% dilution: every existing holder's slice gets 7.4% smaller. If you held A$1,000 of shares (23,257 at the issue price), your slice goes from 0.00265% to 0.00245% of the company. To keep it you'd need 1,848 more shares - about A$79 at the issue price.
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16 Apr 2012capital raising announcement▲ Good
The Share Purchase Plan closed oversubscribed against its $3m cap, so applications will be scaled back pro rata, with refunds of the excess. Allotment expected around 20 April 2012.
5 Apr 2012capital raising announcement● Neutral
FAR issued 280 million shares at 4.3 cents each, the first tranche of the share placement announced on 29 March 2012. The notice is a routine compliance filing for those shares.
What it means for a shareholder
280m new shares at A$0.043 to raise about A$12.0m. That's 24% dilution: every existing holder's slice gets 24% smaller. If you held A$1,000 of shares (23,256 at the issue price), your slice goes from 0.00265% to 0.00201% of the company. To keep it you'd need 7,416 more shares - about A$319 at the issue price.
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2 Apr 2012capital raising announcement● Neutral
Offer documents for the Share Purchase Plan: eligible holders can buy up to $15,000 of shares at 4.3c, about an 8.9% discount, with the plan capped at $3m and scale-back if oversubscribed. Open 2 to 13 April 2012; funds go to Kenya exploration.
