FAR Limited appointed Ben Clube as a director of the company, effective immediately. Clube was appointed Commercial Manager of FAR Limited in October 2012. With his 20 years of senior finance executive expertise in the upstream petroleum industry Ben will be a valuable addition to the board. Clube spent the majority of his career to date at BHP Petroleum and has extensive experience in joint venture management, government relations, operations, project evaluation, mergers and acquisitions, crude oil and gas marketing, contracts and tenders, strategic planning, equity and debt financing, capital markets, investor relations, corporate governance, and all facets of financial and business reporting. Clube will continue to report to the Managing Director, Cath Norman, in his executive role which takes responsibility for the management of joint venture operations, commercial evaluation, merger and acquisitions, business development, business reporting and co-ordination of finance and corporate governance.

FAR Limited announced the retirement of Mr. Albert Brindal as joint Company Secretary leaving Mr. Peter Thiessen as the sole Company Secretary. Mr. Brindal will continue with the company as a Non-Executive Director.

FAR Limited announced consolidated financial results for the year needed December 31, 2012. For the year, the company reported revenue of $1,192,665 against $1,637,279 a year ago. Loss before income tax was $9,062,261 against $11,639,212 a year ago. Loss attributable to members of the company from continuing operations was $9,062,261 or $0.38 per diluted share against $11,639,212 or $0.90 per diluted share a year ago. Loss attributable to members of the company was $9,054,434 or $0.38 per diluted share against $12,154,417 or $0.86 per diluted share a year ago. Net cash used in operating activities was $3,863,387 against $3,353,697 a year ago. Payments for oil and gas properties was $12,404,934 against $11,072,161 a year ago. Payments for property, plant and equipment was $243,042 against $94,073 a year ago.