oil <\/a>in neighboring Block L10A and evidence of oil in the Maridadi well drilled at the northern extent in L6 has raised hopes in the block with a strong industry interest in its L6 farm out opportunity.<\/p>\n\u201cA farm out is progressing to secure funding for the drilling of an offshore well on Block L6. The Company is actively seeking new opportunities in Kenya and the $8 million capital raising was to pursue these opportunities and support working capital requirements.\u201d<\/p>\n
The Miocene reef play in block 10A extends along the coast of Kenya and through both of FAR\u2019s offshore blocks, L6 and L9.<\/p>\n
In block L9 where Ophir energy is the operator FAR says it is awaiting unconditional Government approval for the Joint Venture agreements in relation to L9.<\/p>\n
Following unconditional Government approval, FAR which holds 30% interest in L9 will pay Ophir approximately US$11 million relating substantially to back costs on seismic surveys and also provide funding for a bank guarantee in favour of the Government of Kenya in relation to the Block L9 work commitment.<\/p>\n
The Operator plans to drill the first exploration well on Block L9 at the end of 2015.<\/p>\n
During the quarter the Operator received a one year extension to the current exploration period. FAR intends to farm out part of its interest for drilling and has already received unsolicited expressions of interest.<\/p>\n
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[twitter-follow screen_name=’oilnewskenya’] FAR has said it has delayed a planned onshore well and an onshore 2D seismic survey and associated processing and interpretation in Northern part of coast Kenya due … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[256,313,316,867,1140,1252,1376,1568,1925,2429,2462],"class_list":["post-1529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-block-10a","tag-block-l6","tag-block-l9","tag-far","tag-insecurity","tag-kenya","tag-lamu","tag-milio","tag-ophir","tag-sunbird-1","tag-tana-river-district","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/far-blocks.png?fit=301%2C273&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-oF","jetpack-related-posts":[{"id":2757,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-survey-kenyas-onshore-block-l6-expected-q2-2015\/","url_meta":{"origin":1529,"position":0},"title":"2D seismic survey in Kenya\u2019s Onshore Block L6 expected in Q2 2015","author":"","date":"March 30, 2015","format":false,"excerpt":"Milio International is expected to acquire 2D seismic onshore Block L6 after a defferement due to security concerns the Block Operator FAR Ltd has said. The announcement made on the company\u2019s annual report also estimates that following the interpretation of the data acquired the partners should proceed with drilling in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Block l6 2","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Block-l6-2-259x300.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6277,"url":"https:\/\/www.oilnewskenya.com\/index.php\/insecurity-hampers-operations-kenyas-block-l6\/","url_meta":{"origin":1529,"position":1},"title":"Insecurity Hampers Operations in Kenya\u2019s Block L6","author":"","date":"September 8, 2017","format":false,"excerpt":"Australian explorer and block L6 onshore operator FAR Ltd has formally notified the Ministry of Energy & Petroleum in Kenya of a force majeure event over Block L6 according to its latest half year results communication to shareholders. The 14 July 2017 notification highlights challenges the company is facing in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l6.jpg?fit=900%2C720&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l6.jpg?fit=900%2C720&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l6.jpg?fit=900%2C720&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l6.jpg?fit=900%2C720&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7163,"url":"https:\/\/www.oilnewskenya.com\/index.php\/farm-negotiations-between-far-ltd-milio-international-collapse\/","url_meta":{"origin":1529,"position":2},"title":"Farm-in Negotiations Between FAR Ltd & Milio International Collapse","author":"","date":"August 30, 2018","format":false,"excerpt":"Kenya's Block 6 operator Australia\u2019s FAR Ltd has said it has terminated farm-in negotiations with regards to Block L6 due to the enduring land issues that have stopped land access in the Kipini Conservancy. According to the operator which suspended activity within the block earlier this year citing insecurity the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6912,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-dialogue-kenya-2d-seismic-acquisition-block-l6\/","url_meta":{"origin":1529,"position":3},"title":"FAR in Dialogue with Kenya over 2D seismic acquisition on Block L6","author":"","date":"March 20, 2018","format":false,"excerpt":"Onshore Block L6 operator Australian explorer FAR says the company is in dialogue with the ministry as a result of the challenges the company faced in accessing land due to the ongoing security issues in Lamu County last year that hindered it to go ahead with a planned\u00a02D seismic acquisition.\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8147,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-jv-partners-to-exit-kenyas-block-l6\/","url_meta":{"origin":1529,"position":4},"title":"FAR, JV Partners to Exit Kenya\u2019s Block L6","author":"","date":"April 30, 2020","format":false,"excerpt":"FAR the block operator to Kenya\u2019s Block L6 and JV Partners , PanContinental Oil & Gas and its wholly owned subsidiary\u00a0Afrex\u00a0Limited have resolved to surrender the block according to an announcement by the Austalian company. FAR however says despite the resolve no resolution has been passed and discussions are underway\u2026","rel":"","context":"In "Eastern Africa"","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":482,"url":"https:\/\/www.oilnewskenya.com\/index.php\/pancontinental-onshore-kenya-l6-farmed-out-for-seismic-and-drilling\/","url_meta":{"origin":1529,"position":5},"title":"PanContinental: Onshore Kenya L6 Farmed-Out For Seismic and Drilling","author":"Samuel Kamau Mbote","date":"February 10, 2014","format":false,"excerpt":"Pancontinental Oil & Gas and its wholly owned subsidiary Afrex Limited (together\u00a0\u201cPancontinental\u201d) has entered a farm-in\u00a0agreement for the onshore portion of Kenyan exploration area Block L6 in the Lamu Basin. Block L6 is partly onshore and partly offshore. Under the terms agreed with farminee Milio E&P Limited (\u201cMilio\u201d) and Milio\u00a0International\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/pancontinental.png?fit=505%2C508&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=1529"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1529\/revisions"}],"predecessor-version":[{"id":3408,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1529\/revisions\/3408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1530"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=1529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=1529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=1529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}