Far (ASX:FAR) announced financial results for the quarter ended 30 September 2022.

FAR acquired a further 50% interest in The Gambia Blocks A2 and A5 giving the Company a 100% working interest.

The Board continues to forecast expenditure for the full year ending 31 December 2022 to be in line with previously reported guidance of US$6.8 million.

FAR expects to receive full payment of the US$55 million Contingent Payment due from the sale of its interest in Sangomar.

Cash at quarter end of US$35.7 million.

The Board and management team continue to examine a range of opportunities that seek to have the share price better reflect the underlying asset value of the Company.

Following the announcement the company?s share price fell 1.829%.