FAR Ltd (OTCMKTS:FARYF) is an independent oil and gas exploration and production company headquartered in Perth, Australia, with a strategic focus on offshore basins in southern Africa. The company’s core activities encompass the identification, evaluation and development of hydrocarbon resources across multiple license areas. FAR’s operations span the full project lifecycle, from seismic surveys and exploration drilling to appraisal and commercial production, positioning it as a vertically integrated player in frontier and emerging markets.
Key assets in FAR’s portfolio include interests in the Orange Basin offshore Namibia and the Outeniqua Basin offshore South Africa. In Namibia, FAR holds significant stakes in exploration blocks that have shown promising hydrocarbon indicators, while in South Africa the company has partnered with national oil companies and international energy firms to advance appraisal wells and assess commercial viability. These joint ventures combine FAR’s technical expertise with local market knowledge, enabling efficient resource development and risk mitigation.
Since its inception in the mid-2000s, FAR has pursued a disciplined approach to asset acquisition and farm-down partnerships, balancing exploration upside with capital preservation. The company’s historical milestones include successful seismic campaigns that led to high‐potential well targets and farm-in agreements with global energy houses. This track record has allowed FAR to maintain a lean administrative structure while leveraging external funding for capital-intensive drilling programs.
FAR is led by an experienced executive team with deep industry backgrounds in exploration geology, reservoir engineering and project finance. Under the stewardship of its chairman and CEO, the company’s strategic priorities emphasize unlocking value in underexplored basins, advancing environmental best practices and fostering strong relationships with host governments and local communities. As FAR continues to pursue exploration success offshore southern Africa, it remains committed to delivering long-term growth through disciplined project execution and responsible resource development.
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