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

 Published On: May, 2017 |    No of Pages: 91 |  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 Ltd (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 Ltd, Oil & Gas, Deals By Year, 2011 to YTD 2017 6
FAR Ltd, Oil & Gas Deals By Type, 2011 to YTD 2017 7
FAR Ltd, Oil & Gas, Deals By Region, 2011 to YTD 2017 8
FAR Ltd, Oil & Gas, Deals By Sector, 2011 to YTD 2017 9
FAR Ltd, Oil & Gas, Deals Summary, 2011 to YTD 2017 10
FAR Ltd, Oil & Gas, Deal Details 11
Asset Purchase 11
FAR To Acquire 80% Interest In Blocks A2 and A5, Offshore Gambia, From Erin Energy For US$13.2 Million 11
FAR Plans To Acquire 75% Interest In Djiffere Block, Offshore Senegal, From Trace Atlantic Oil 12
FAR Completes Acquisition Of 8.8% Interest In AGC Profond PSC Block In Senegal And Guinea Bissau From Ophir Energy 13
Equity Offering 14
FAR Completes Private Placement Of Shares For US$60.6 Million 14
FAR Completes Private Placement Of Shares For US$46.1 Million 15
FAR Announces Private Placement Of Shares For US$5.7 Million 16
FAR Completes Rights Offering Of Shares For US$10.8 Million 17
FAR Completes Private Placement Of Shares For US$18 Million 18
FAR Completes Private Placement Of Shares For US$40.8 Million 19
FAR Raises US$0.1 Million Through Exercise Of Options 20
FAR Completes Private Placement Of Shares For US$7.4 Million 21
FAR Raises US$3 Million Through Issue Of Shares 22
FAR Plans Private Placement Of Shares For US$12.3 Million 23
Asset Transactions 24
Pancontinental And FAR Complete Sale Of Interests In EP104 Permit, Retention Lease R1 And L15 License To Key Petroleum 24
ConocoPhillips Completes Acquisition Of 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 Ltd - Key Competitors 30
Key Employees 31
Locations And Subsidiaries 32
Head Office 32
Other Locations & Subsidiaries 32
Recent Developments 33
Strategy and Business Expansion 33
Mar 31, 2017: FAR Signs Strategic AMI Agreement With CNOOC UK 33
Recent Discoveries 34
Apr 11, 2016: FAR: Gas Discovered At Bellatrix - Fourth Appraisal Well Confirmed 34
Drilling and Production Updates 36
Mar 15, 2016: Far: BEL-1 Well Starts Drilling Offshore Senegal 36
Jan 19, 2016: FAR Provides Senegal Drilling Update: SNE-3 Starts Drilling 37
Financial Announcements 38
Apr 29, 2016: FAR Reports Q1 2016 Results 38
Other Significant Developments 44
May 29, 2017: FAR Announces Retirement Of Non-Executive Director 44
May 26, 2017: FAR: Exploration Drilling Commences Offshore Senegal 45
May 18, 2017: Cairn Energy Announces Senegal SNE-6 Appraisal Well result 46
Apr 26, 2017: FAR Back To Exploration Drilling 47
Apr 04, 2017: FAR Announces Guinea-Bissau Update 48
Mar 27, 2017: FARr: VR-1 Well Finds Oil In Senegal, 8/8 Successful Wells Drilled 49
Mar 09, 2017: FAR: SNE Field In Senegal May Start Production Before 2021 51
Mar 08, 2017: FAR: Successful SNE-5 Well Results And Forward Program 52
Feb 23, 2017: FAR SNE-5 At Total Depth 54
Feb 22, 2017: Woodside Aims First Oil From SNE Field Between 2021 And 2023 55
Feb 07, 2017: FAR Announces Senegal Prospective Resource Increase 56
Jan 31, 2017: FAR Reports Q4 2016 Results 58
Jan 23, 2017: Far Announces SNE-5 Starts Drilling 61
Nov 25, 2016: FAR: 2017 Senegal Drilling Program 63
Oct 31, 2016: Pancontinental Oil & Gas Announces Quarterly Activities Report: September 2016 64
Sep 01, 2016: Far: SNE Oil Field Commercial Viability Confirmed 68
Jul 29, 2016: Pancontinental Oil & Gas Announces Quarterly Activities Report: June 2016 70
Apr 29, 2016: Pancontinental Oil & Gas Announces Quarterly Activities Report: March 2016 74
Apr 18, 2016: FAR spuds SNE-4 appraisal well 79
Apr 13, 2016: FAR Provides Senegal Update: SNE Oil Field Contingent Resources Upgraded 81
Feb 08, 2016: Senegal Project Update: SNE Oil Field Contingent Resources Upgraded 82
Jan 29, 2016: FAR Announces Quarterly Activities Report For The Period Ended 31st December 2015 83
Jan 17, 2016: Cairn Energy Announces Pre-Close Update: 19 January 2016 87
Jan 04, 2016: FAR Provides Senegal Drilling Update: SNE-2 Delivers A Successful Appraisal Well 89
Appendix 91
Methodology 91
About GlobalData 91
Contact Us 91
Disclaimer 91

List of Tables
FAR Ltd, Oil & Gas, Key Facts, 2015 1
FAR Ltd, Oil & Gas, Deals Summary, 2011 to YTD 2017 1
FAR Ltd, Oil & Gas, Deals By Year, 2011 to YTD 2017 6
FAR Ltd, Oil & Gas Deals By Type, 2011 to YTD 2017 7
FAR Ltd, Oil & Gas, Deals By Region, 2011 to YTD 2017 8
FAR Ltd, Deals By Sector, 2011 to YTD 2017 9
FAR Ltd, Oil & Gas, Deals Summary, 2011 to YTD 2017 10
FAR To Acquire 80% Interest In Blocks A2 and A5, Offshore Gambia, From Erin Energy For US$13.2 Million 11
FAR Plans To Acquire 75% Interest In Djiffere Block, Offshore Senegal, From Trace Atlantic Oil 12
FAR Completes Acquisition Of 8.8% Interest In AGC Profond PSC Block In Senegal And Guinea Bissau From Ophir Energy 13
FAR Completes Private Placement Of Shares For US$60.6 Million 14
FAR Completes Private Placement Of Shares For US$46.1 Million 15
FAR Announces Private Placement Of Shares For US$5.7 Million 16
FAR Completes Rights Offering Of Shares For US$10.8 Million 17
FAR Completes Private Placement Of Shares For US$18 Million 18
FAR Completes Private Placement Of Shares For US$40.8 Million 19
FAR Raises US$0.1 Million Through Exercise Of Options 20
FAR Completes Private Placement Of Shares For US$7.4 Million 21
FAR Raises US$3 Million Through Issue Of Shares 22
FAR Plans Private Placement Of Shares For US$12.3 Million 23
Pancontinental And FAR Complete Sale Of Interests In EP104 Permit, Retention Lease R1 And L15 License To Key Petroleum 24
ConocoPhillips Completes Acquisition Of 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 Ltd, Key Competitors 30
FAR Ltd, Key Employees 31
FAR Ltd, Subsidiaries 32

List of Figures
FAR Ltd, Oil & Gas, Deals by Type, 2011 to YTD 2017 1
FAR Ltd, Oil & Gas, Deals By Year, 2011 to YTD 2017 1
FAR Ltd, Oil & Gas, Deals By Region, 2011 to YTD 2017 1
FAR Ltd, Oil & Gas, Deals By Sector, 2011 to YTD 2017 1
FAR Ltd, Oil & Gas, Deals By Year, 2011 to YTD 2017 6
FAR Ltd, Oil & Gas, Deals by Type, 2011 to YTD 2017 7
FAR Ltd, Oil & Gas, Deals By Region, 2011 to YTD 2017 8
FAR Ltd, Oil & Gas, Deals by Sector, 2011 to YTD 2017 9


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