Oct 30 (Reuters) - FAR Ltd FAR.AX :
* FAR LTD - SNE 2C OIL RESOURCES IN EXCESS OF 640 MMBBLS
* FAR LTD - PROJECT WILL DELIVER FAR A NET 13,670 BBLS/D OF OIL PRODUCTION AT US$$11 BBL OPEX
* FAR LTD - KEY CHANGE TO PREVIOUS GUIDANCE ON TOTAL CAPEX FOR DEVELOPMENT DUE TO SHIFT FROM A LEASED FPSO (OPEX) TO A PURCHASED FPSO (CAPEX)
* FAR LTD - VALUE OF FAR'S SHARE OF SNE FIELD IS FORECAST TO TRIPLE IN VALUE BETWEEN NOW AND FIRST OIL
* FAR LTD - LIKELY THAT A LARGER PROPORTION OF TOTAL CAPEX FOR PROJECT WILL BE DEBT FUNDED
* FAR - GOVERNMENT APPROVAL OF SNE DEVELOPMENT AND EXPLOITATION PLAN AND FINAL INVESTMENT DECISION SEEN IN DEC 2019 WITH FIRST OIL FORECAST IN LATE 2022
* FAR LTD - JOINT VENTURE WILL NOW PROGRESS FINAL SUBMISSION OF DEVELOPMENT AND EXPLOITATION PLAN FOR SNE FIELD TO MINISTER OF ENERGY IN SENEGAL
* FAR LTD - JOINT VENTURE ANTICIPATE APPROVAL OF SNE'S DEVELOPMENT AND EXPLOITATION PLAN BY PRESIDENTIAL DECREE BEFORE END OF YEAR
* FAR LTD - ON SUCCESSFUL COMPLETION OF FINANCING FOR DEVELOPMENT, FAR WILL BE FULLY FUNDED THROUGH TO FIRST OIL FROM SNE IN LATE 2022