FAR Limited (FAR) - Oil & Gas - Deals and Alliances Profile

 Published On: Dec, 2016 |    No of Pages: 75 |  Published By: GlobalData | Format: PDF
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Summary

FAR Limited (FAR), formerly First Australian Resources NL is an oil and gas exploration company that offers exploration, development, production and acquisition of oil and natural gas properties. The company has pre-appraisal and exploration assets in West and East Africa. It also holds area surrounded by petroleum systems in West Africa. FAR has developed two oil discoveries offshore Senegal through the partnership with the US companies. The company indertakes projects in various countries such as Kenya, Senegal, Guinea Bissau, and Australia. FAR is headquartered in Melbourne, Victoria, Australia.

FAR Limited (FAR) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company’s (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company’s operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
FAR Limited, Oil & Gas, Deals By Year, 2010 to YTD 2016 6
FAR Limited, Oil & Gas Deals By Type, 2010 to YTD 2016 7
FAR Limited, Oil & Gas, Deals By Region, 2010 to YTD 2016 8
FAR Limited, Oil & Gas, Deals By Sector, 2010 to YTD 2016 9
FAR Limited, Oil & Gas, Deals Summary, 2010 to YTD 2016 10
FAR Limited, Oil & Gas, Deal Details 11
Asset Purchase 11
FAR Plans To Acquire 75% Interest In Djiffere Block, Offshore Senegal, From Trace Atlantic Oil 11
FAR Completes Acquisition Of 8.8% Interest In AGC Profond PSC Block In Senegal And Guinea Bissau From Ophir Energy 11
Equity Offering 12
FAR Completes Private Placement Of Shares For US$46.1 Million 12
FAR Announces Private Placement Of Shares For US$5.7 Million 14
FAR Completes Rights Offering Of Shares For US$10.8 Million 14
FAR Completes Private Placement Of Shares For US$18 Million 16
FAR Completes Private Placement Of Shares For US$40.8 Million 17
FAR Raises US$0.1 Million Through Exercise Of Options 18
FAR Completes Private Placement Of Shares For US$7.4 Million 19
FAR Raises US$3 Million Through Issue Of Shares 20
FAR Plans Private Placement Of Shares For US$12.3 Million 20
FAR Completes Second Tranche Private Placement Of US$28.3 Million 21
FAR Completes Offering Of Common Stock For US$4.9 Million 22
Asset Transactions 24
Pancontinental And FAR Complete Sale Of Interests In EP104 Permit, Retention Lease R1 And L15 License To Key Petroleum 24
ConocoPhillips To Acquire 10% Interest Each In Rufisque, Sangomar and Sangomar Deep Blocks, Offshore Senegal, From FAR 25
Cairn Energy Completes Acquisition Of 65% Interest In Rufisque, Sangomar And Sangomar Deep Blocks, Offshore Senegal, From FAR 26
Hydra Energy Completes Acquisition Of 11.25% Interest In WA-47-R License In Carnarvon Basin, Offshore Western Australia, From FAR 27
Acquisition 28
FAR Completes Acquisition Of Flow Energy 28
FAR Limited - Key Competitors 30
Key Employees 31
Locations And Subsidiaries 32
Head Office 32
Other Locations & Subsidiaries 32
Recent Developments 33
Recent Discoveries 33
Apr 11, 2016: FAR: Gas Discovered At Bellatrix – Fourth Appraisal Well Confirmed 33
Drilling and Production Updates 35
Mar 15, 2016: Far: BEL-1 Well Starts Drilling Offshore Senegal 35
Jan 19, 2016: FAR Provides Senegal Drilling Update: SNE-3 Starts Drilling 36
Dec 10, 2015: FAR Shareholder Update: Senegal Project 37
Nov 02, 2015: FAR: Drilling Commences Offshore Senegal - 2 November 2015 38
Financial Announcements 39
Apr 29, 2016: FAR Reports Q1 2016 Results 39
Other Significant Developments 45
Nov 25, 2016: FAR: 2017 Senegal Drilling Program 45
Sep 01, 2016: Far: SNE Oil Field Commercial Viability Confirmed 46
Apr 18, 2016: FAR spuds SNE-4 appraisal well 48
Apr 13, 2016: FAR Provides Senegal Update: SNE Oil Field Contingent Resources Upgraded 50
Feb 08, 2016: Senegal Project Update: SNE Oil Field Contingent Resources Upgraded 51
Jan 29, 2016: FAR Announces Quarterly Activities Report For The Period Ended 31st December 2015 52
Jan 17, 2016: Cairn Energy Announces Pre-Close Update: 19 January 2016 56
Jan 04, 2016: FAR Provides Senegal Drilling Update: SNE-2 Delivers A Successful Appraisal Well 58
Nov 05, 2015: FAR: SNE-2: First Appraisal Well Starts Drilling Offshore Senegal 60
Oct 19, 2015: FAR: Ocean Rig Athena Drill Ship Commences Mobilisation To Senegal 61
Sep 17, 2015: FAR: New 3D Seismic Survey Commenced Offshore Senegal 62
Sep 14, 2015: Erin Energy Completes 3D Seismic Acquisition Offshore The Gambia 63
Aug 18, 2015: Cairn Energy Receives Approval To Proceed With Drilling Operations Offshore Senegal 64
Jul 20, 2015: Erin Energy Commences 3D Seismic Acquisition Offshore The Gambia 65
Apr 13, 2015: FAR: Shareholder Update: Evaluation Plan For Senegal Discoveries 66
Mar 16, 2015: Pancontinental Oil & Gas: Financial Report For The Half-Year Ended 31 December 2014 69
Jan 22, 2015: FAR: Executive Appointment 71
Jan 21, 2015: FAR Announces Appointment Of Executive 72
New Contracts Announcements 73
Oct 14, 2015: FAR: Ocean Rig Athena Drilling Contracts Executed For Offshore Senegal 73
Appendix 75
Methodology 75
About GlobalData 75
Contact Us 75
Disclaimer 75

List of Tables
FAR Limited, Oil & Gas, Key Facts, 2015 1
FAR Limited, Oil & Gas, Deals Summary, 2010 to YTD 2016 1
FAR Limited, Oil & Gas, Deals By Year, 2010 to YTD 2016 6
FAR Limited, Oil & Gas Deals By Type, 2010 to YTD 2016 7
FAR Limited, Oil & Gas, Deals By Region, 2010 to YTD 2016 8
FAR Limited, Deals By Sector, 2010 to YTD 2016 9
FAR Limited, Oil & Gas, Deals Summary, 2010 to YTD 2016 10
FAR Plans To Acquire 75% Interest In Djiffere Block, Offshore Senegal, From Trace Atlantic Oil 11
FAR Completes Acquisition Of 8.8% Interest In AGC Profond PSC Block In Senegal And Guinea Bissau From Ophir Energy 11
FAR Completes Private Placement Of Shares For US$46.1 Million 12
FAR Announces Private Placement Of Shares For US$5.7 Million 14
FAR Completes Rights Offering Of Shares For US$10.8 Million 14
FAR Completes Private Placement Of Shares For US$18 Million 16
FAR Completes Private Placement Of Shares For US$40.8 Million 17
FAR Raises US$0.1 Million Through Exercise Of Options 18
FAR Completes Private Placement Of Shares For US$7.4 Million 19
FAR Raises US$3 Million Through Issue Of Shares 20
FAR Plans Private Placement Of Shares For US$12.3 Million 20
FAR Completes Second Tranche Private Placement Of US$28.3 Million 21
FAR Completes Offering Of Common Stock For US$4.9 Million 22
Pancontinental And FAR Complete Sale Of Interests In EP104 Permit, Retention Lease R1 And L15 License To Key Petroleum 24
ConocoPhillips To Acquire 10% Interest Each In Rufisque, Sangomar and Sangomar Deep Blocks, Offshore Senegal, From FAR 25
Cairn Energy Completes Acquisition Of 65% Interest In Rufisque, Sangomar And Sangomar Deep Blocks, Offshore Senegal, From FAR 26
Hydra Energy Completes Acquisition Of 11.25% Interest In WA-47-R License In Carnarvon Basin, Offshore Western Australia, From FAR 27
FAR Completes Acquisition Of Flow Energy 28
FAR Limited, Key Competitors 30
FAR Limited, Key Employees 31
FAR Limited, Subsidiaries 32

List of Figures
FAR Limited, Oil & Gas, Deals by Type, 2010 to YTD 2016 1
FAR Limited, Oil & Gas, Deals By Year, 2010 to YTD 2016 1
FAR Limited, Oil & Gas, Deals By Region, 2010 to YTD 2016 1
FAR Limited, Oil & Gas, Deals By Sector, 2010 to YTD 2016 1
FAR Limited, Oil & Gas, Deals By Year, 2010 to YTD 2016 6
FAR Limited, Oil & Gas, Deals by Type, 2010 to YTD 2016 7
FAR Limited, Oil & Gas, Deals By Region, 2010 to YTD 2016 8
FAR Limited, Oil & Gas, Deals by Sector, 2010 to YTD 2016 9


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