Soloo Deep News Today

FAR is encouraged by oil shows and potential reservoirs encountered in its well off The Gambia despite no live oil columns being present.

FAR Limited has completed a review of the prospectivity of the A2 and A5 blocks offshore The Gambia, following the Bambo drilling campaign in late 2021. FAR will commence a farm-down of its interest in blocks A2 and A5 and in doing so, seek a carry on the cost of a well for drilling in late 2023 and a contribution to FAR’s past costs.

WTI $86.96 +$1.53, Brent $88.44 +93c, Diff -$1.48 -60c, NG $4.03 -25c, UKNG 170.0p -14.5p Oil price More of the same so my comments remain as before, the UK...

FAR has provided an update on its activities in The Gambia, Senegal, Guinea Bissau and Australia. During the quarter, FAR concluded the drilling and formation evaluation operations for the Bambo-1 well and Bambo-1ST1 sidetrack well in Block A2, offshore The Gambia.

FAR Limited (ASX:FAR) has concluded the drilling and formation evaluation operations for the Bambo-1ST1 well offshore The Gambia.

Oil shows and potential reservoirs were encountered, with the oil shows indicating further hydrocarbon potential nearby and in the wider A2...

FAR Ltd has concluded the drilling and formation evaluation operations for the Bambo-1ST1 well offshore The Gambia. Although no moveable oil was interpreted, FAR is encouraged to have encountered good oil shows and potential reservoirs in the Bambo-1 well and Bambo-1ST1 side-track.

Petroliam Nasional Bhd's (Petronas) joint venture (JV) partner FAR Ltd reported that drilling operation has been temporarily suspended at the Bambo-1 well located 85km offshore of Gambia, a small West African country bounded by Senegal, after significant fluid losses were experienced.

“We are encouraged by the presence of oil in potential reservoirs and look forward to completing the well in the coming weeks,” says MD.

FAR, an Australian oil and gas company that began drilling at the Bambo-1 exploratory well in Block A2 off the coast of The Gambia last month…