Australia's FAR jumps as Senegal says no capital gains tax on project stake sale

FAR

16/02/2024 02:41

** Shares of FAR  FAR.AX  rise as much as 15.9% to A$0.400,
posting their biggest intraday pct gain since March 24, 2022
    ** Oil and gas explorer's stock hits highest level since
Nov. 21, 2023
    ** Says Senegal Tax Authority said there was no capital gain
on sale of co's interest in RSSD project to Woodside Energy's
 WDS.AX  local unit
    ** Adds co no longer exposed to $4 mln capital gains tax
claim for sale
    ** About 400,000 shares change hands, compared with the
30-day average volume of 174,539
    ** Stock down 4.2% YTD, as of last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))