MARKETS

FAR expects payday from Sangomar

ASX-listed FAR Limited has told shareholders it expects to receive an annual payment of US$55 million per year as part of its divestment of its 13.67% interest in the Sangomar oil project offshore Senegal.

paul hunt

FAR was forced to sell its stake in the giant oil project after failing to secure finance to fund its funding calls. At the time the oil commodity prices had cratered. It received just US$45 million...

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