First Australian Resources Company News

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Senegal Grants Extension on FAR's Offshore Blocks
FAR has received notification of a Presidential Decree from the Republic of Senegal confirming a one-year extension to the First Renewal Period under its contract covering the Rufisque and Sangomar and Sangomar Deep offshore blocks.
7:00 PM EST | December 03, 2009
FAR Receives Extension on Offshore Senegal Blocks
FAR has received advice from the Minister of Energy for the Republic of Senegal confirming a one year extension for the Rufisque and Sangomar and Sangomar Deep offshore blocks.
7:00 PM EST | November 12, 2009
FAR Updates on Offshore Senegal Exploration Activities
FAR has issued an update in respect of the Sangomar Offshore, Rufisque Offshore and Sangomar Deep Offshore Blocks in Senegal, West Africa.
8:00 PM EST | September 20, 2009
FAR To Seek Other Partners for Senegal Licenses
Shell Exploration Company B.V. (Shell) has advised First Australian Resources (FAR) of its decision not to exercise an Option in respect of Sangomar Offshore, Rufisque Offshore and Sangomar deep Offshore Blocks ("Licenses") in Senegal, West Africa.
8:00 PM EST | August 23, 2009
Korean Firms Test Water Offshore China
Majuko Group's purchase of a stake in an oil block near Hong Kong could pave the way for more deals offshore China by Korean firms.
8:00 PM EST | June 03, 2009
FAR Completes Data Acquisition, Identifies Prospects Offshore Senegal
FAR has identified a number of drilling prospects following the completion of its data acquisition phase of the CSEM program over part of its license area offshore Senegal, West Africa.
8:00 PM EST | June 01, 2009
Shell, FAR Team Up to Conduct Exploration Program Offshore Senegal
FAR and Shell will conduct an exploration program in respect of the Sangomar Offshore, Rufisque Offshore and Sangomar deep Offshore Blocks in Senegal, West Africa.
8:00 PM EST | March 24, 2009
FAR Wants to Take Bigger Bite of 3 West African Offshore Blocks
FAR received confirmation for a one year extension to the First Renewal Period under the Contract for Exploration and Hydrocarbon Production Sharing covering the Rufisque and Sangomar and Sangomar Deep offshore blocks.
7:00 PM EST | November 24, 2008
AYCO Moving on to Drill Pitchford-2 Onshore US Gulf Coast
Drilling of the Pitchford-1 well has been completed with no presence of hydrocarbons indicated. The well will now be plugged and abandoned.
7:00 PM EST | November 17, 2008
AYCO to Spud Onshore US Gulf Coast Well
FAR was advised by the operator that the Pitchford-1 well, for which FAR retains a 34% working interest, will be spudded today onshore the US Gulf Coast.
7:00 PM EST | November 10, 2008
FAR Kicks Off Gas Production at Louisiana's Lake Long
FAR has made a successful completion of the 5500 Sand in the #6 well. The 5500' Sand was turned to existing sales facilities on August 1, 2008 and has been flowing at 1.1 million cubic feet of gas per day.
8:00 PM EST | August 03, 2008
FAR, Hunt Search for Drilling Partner for Offshore West Africa Field
Senegal Hunt's technical studies confirm multiple fan systems with mean OOIP estimates of 183 million barrels for a single fan/single reservoir case further enhances exploration potential offshore Senegal, West Africa.
8:00 PM EST | July 21, 2008
FAR Makes Placement to Raise Funds for Drilling Program
FAR has resolved to raise up to $4 million through the placement of up to 50 million shares at an issue price of 8 cents per share. The Placement of new shares will be undertaken within the Company’s ASX Listing Rule 7.1 15% placement capacity.
8:00 PM EST | July 10, 2008
FAR and Hunt Oil Farm Out Opportunity Offshore Sengal
FAR and Hunt Oil Company continue a global marketing campaign aimed at securing a drilling partner on prospects defined by 3D seismic offshore Senegal.
8:00 PM EST | May 19, 2008
Roc Oil Begins Multi-Well Exploration Drilling Offshore China
Roc Oil Company commenced a multi-well exploration/appraisal drilling program in Block 22/12, Beibu Gulf, offshore China.
7:00 PM EST | January 01, 2008
First Australian Resources Spuds Schwing #2 Well
Grey Wolf Rig 77 has commenced drilling the Schwing #2 well, a deviated 14,500 foot Nodosaria test in which FAR has a 5% working interest.
7:00 PM EST | November 25, 2007
Stokes Bay-1 Operational Update
CDL Rig 18 was realease from Stokes Bay-1 and testing operations will continue once testing crews obtain access to the well site.
7:00 PM EST | November 05, 2007
Kriti Exploration Successfully Tests Lake Long Well
A successful test has been conducted in the Middle Hollywood Sand interval of the SL 328 #9 well at Lake Long Field in Louisiana.
8:00 PM EST | July 30, 2007
FAR: Electric Logs Confirm Gas Pay at Lake Long Project
First Australian Resources says that the S/L 328 #9 well on its Hollywood Prospect in Lake Long, La., has encountered gas pay in the Upper and Middle Hollywood pressure test.
8:00 PM EST | June 27, 2007
FAR to Raise Funds for Worldwide Exploration
First Australian Resources Limited (FAR) has resolved to raise $8.68 million through the issue of 62 million ordinary shares at an issue price of $0.14 per share.
8:00 PM EST | June 06, 2007
FAR Announces Field Discovery in South Louisiana
First Australian Resources Limited (FAR) said that testing of the Marceaux #1 well, located at the Kicker Prospect in Vermilion Parish, La., confirms a new oilfield discovery. FAR owns a 5% stake in the prospect.
8:00 PM EST | June 05, 2007
First Australian: Processing Underway for Offshore Senegal Data
First Australian Resources Limited (FAR) reported Tuesday that Senegal Hunt Oil Co. has filed its quarterly reported submitted through Petrosen to the Ministry of Energy and Mines for the Republic of Senegal.
8:00 PM EST | May 14, 2007
FAR Reports Spudding of Lake Long Well
The SL 328#9 well in the Lake Long Project in Lafourche Parish, La., spudded on May 12, 2007, according to First Australian Resources Limited (FAR).
8:00 PM EST | May 14, 2007
Sun: Hollywood Well Set to Spud
Sun Resources NL reported that the S.L. 328 #9 well (previously Long Lake #9) was expected to spud Friday on the Hollywood Prospect in Lafourche Parish, La.
8:00 PM EST | May 09, 2007
Sun Resources Goes 'Hollywood' in South La.
Sun Resources NL, through its U.S. subsidiary Sun Delta, Inc ("Sun"), has farmed into a development project in the Lake Long Field area in Lafourche Parish, La.
8:00 PM EST | April 25, 2007
FAR: Tests Confirm 33 feet of Pay in Kicker Well
First Australian Resources Limited (FAR) said that the Marceaux #1 well, located on the Kicker Prospect in Vermilion Parish, La., has reached planned total depth of 13,264 feet.
8:00 PM EST | April 17, 2007
FAR Issues Gulf Coast Drilling Update
First Australian Resources Limited (FAR) on Wednesday issued the following update on drilling operations at the Texas and Louisiana Gulf Coast projects in which it is participating:
8:00 PM EST | April 11, 2007
Largest-ever 3D Survey Offshore Senegal to Conclude This Week
First Australian Resources Limited (FAR) said that the acquisition phase of a 3D seismic survey offshore Senegal using the MV Symphony is due to be completed ahead of schedule on 25 March 2007.
8:00 PM EST | March 19, 2007
FAR Set to Begin 3D Shoot in Alberta Deep Basin
First Australian Resources Limited (FAR), in partnership with a major Canadian company, is set to commence shooting a 3D seismic survey in the Alberta Deep Basin, located in Western Canada.
7:00 PM EST | March 08, 2007
First Australian: Kicker Drilling to Begin Soon
First Australian Resources Limited (FAR) said that the Great Wall Drilling Rig 172 has arrived on location and is being rigged up prior to spudding the Kicker Prospect, located on a 1,017-acre lease block in Vermilion Parish, La.
7:00 PM EST | February 20, 2007
First Australian: Offshore Senegal Seismic Begins
First Australian Resources Limited (FAR) said that the MV Symphony seismic vessel has begun acquiring seismic in the Rufisque, Sangomar, and Sangomar Deep blocks offshore Senegal.
7:00 PM EST | February 15, 2007
Australian JV Moves Toward Beibu Development
A consortium of Australian companies, led by Roc, has moved toward the development of its oil discoveries offshore China, with the release Tuesday of details of a just completed Appraisal Report.
7:00 PM EST | January 29, 2007
First Australian Reports Offshore Senegal Seismic
The MV Symphony seismic vessel is scheduled to commence acquiring seismic for FAR Offshore Senegal during the second week of February 2007.
7:00 PM EST | January 28, 2007
FAR Reports Redfish Reef Puzzler
First Australian Resources Limited (FAR) said that the ST135S #1 well has reached planned total depth of 9,900 feet and has been logged to evaluate hydrocarbon shows evident on mudlogs over five discreet Frio Sand Intervals.
8:00 PM EST | August 17, 2006
Roc: 'No Unpleasant Surprises' from Beibu Discovery
Roc Oil Co. Limited reported that preliminary appraisal results from the second sidetrack well drilled at the recent Wei 6-12S-1 oil discovery in Block 22/12 in the Beibu Gulf, offshore China, range from encouraging to as expected.
8:00 PM EST | July 31, 2006
FAR: Rig Arrives at Redfish Reef
First Australian Resources Limited (FAR) announced Tuesday that Todco Rig 57 has arrived in the Redfish Reef Area of Galveston Bay State Tract 135.
8:00 PM EST | July 31, 2006
Roc Spuds Another Sidetrack from Beibu Discovery
Roc Oil Co. Limited reported that it spudded a second sidetrack, Wei-6-12S-1Sb, last Thursday from its Wei-6-12S-1 oil discovery in Block 22/12, Beibu Gulf, offshore China.
8:00 PM EST | July 18, 2006
ROC Reports Progress with Offshore China Discovery
ROC Oil Co. Ltd. which in mid-June struck oil at its Wei-6-12S-1 exploration well offshore China, said that it has completed operations at the nearby Wei-6-12S-1Sa sidetrack well.
8:00 PM EST | July 11, 2006
FAR and Genesis Production to Drill Redfish Reef Well
First Australian Resources (FAR) says drilling permits have been issued, a located staked and pilings being driven in preparation for TODCO's Rig 57 currently scheduled to arrive in the Redfish Reef Area of Galveston Bay.
8:00 PM EST | July 05, 2006
CGG Awarded Seismic Contract for Work Offshore Senegal
First Australian Resources reports that a contract for the acquisition of 2,000 square kilometers of 3D seismic data offshore Senegal has been awarded to GCC.
8:00 PM EST | July 05, 2006
First Australian Resources Raises $12.35 Million for Exploration
First Australian Resources reports that, following shareholder approval, the Company has allotted 95 million shares predominately to British, North American, Asian and domestic institutional clients of Hartleys Limited.
8:00 PM EST | June 12, 2006
Roc Oil to Begin Testing on Beibu Gulf Exploration Well
Roc Oil says a three week production testing program is about to commence at the Wei-6-12S-1 exploration well, offshore China. The program will test at least three separate zones within a 95 meter net hydrocarbon column.
8:00 PM EST | May 23, 2006
First Australian Resources Raises $12.4 Million for Exploration Program
First Australian Resources has reached an in-principle agreement with Hartleys Limited to raise $12.4 million through the placement of 95,000,000 shares, predominately to British, North American, Asian and domestic institutional clients of Hartleys.
8:00 PM EST | May 08, 2006
Roc Oil Says Wei-6-12S-1 Shows Potential
Roc Oil says on the basis of the currently available drill data the Wei-6-12S-1 well is likely to be classified as a discovery.
8:00 PM EST | May 04, 2006
Roc Oil Preparing to Spud Well in Beibu Gulf
The COSL 931 jackup rig is scheduled to head to Block 22/12 this week. The spud date for the 6-12 South exploration well will be around April 23, 2006.
8:00 PM EST | April 18, 2006
First Australian Resources Wins State Tract in Galveston Bay
First Australian Resources has submitted the highest bid (US$169,500) with Genesis Production Co and others on the northeast half of Galveston Bay State Tract 135 comprising 320 acres located offshore Gulf of Mexico.
8:00 PM EST | April 11, 2006
First Australian Resources to Participate in Senegal Offshore Project
First Australian Resources says that the Ministry of Energy and Mines for the Republic of Senegal has approved FAR's 30 percent participation in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore blocks.
7:00 PM EST | March 14, 2006
First Australian Resources Increases Stake in Bay Courant
First Australian Resources has agreed to increase its participation in the Bay Courant Project from 15 to 20 percent.
8:00 PM EST | September 06, 2004
Gas Shows Discovered in Lake Long Well
First Australian Resources reports that the gas shows have been encountered in the Lake Long Well in Louisiana.
8:00 PM EST | August 23, 2004
Palace Spuds Lake Long Well in Louisiana
The Parker barge rig 55-B has arrived at Lake Long in Louisiana and drilling operations have commenced on Palace's SL 328 #1 well.
8:00 PM EST | August 03, 2004