MARKETS

Pancon reaches cash call settlement with FAR

PANCONTINENTAL Oil & Gas said today it has finally settled with FAR Limited over the offshore Kenya L6 bock and will pay FAR f $150,000, much lower than the original $567,000 claimed.

Pancon reaches cash call settlement with FAR

It called this "a full and final settlement of any and all outstanding cash calls relating the Kenyan Bock L6".    The two will now execute a surrender and termination agreement for the block.  ...

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