MARKETS

FAR in default for Sangomar cash call

FAR Limited has not paid its most recent development cash call and has been told by operator Woodside Petroleum it is in default.

FAR managing director Cath Norman

FAR managing director Cath Norman

It has six months to fix this before its stake reverts to its other joint venture partners with no financial compensation to FAR. For the Melbourne junior, which holds a 13.5% stake, it must be a...

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