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MARKETS

FAR's share in Sangomar shrinks

FAR Limited's stake in the Sangomar Exploitation Area offshore Senegal has decreased, with state-owned Petrosen increasing its interest, as the troubled Melbourne explorer perseveres in selling part or all of its interest in the stake to preserve cash.

Mark Tilly
FAR's share in Sangomar shrinks

Petrosen has increased its stake in the area from 10% to 18% which means FAR's stake has fallen from 15% to 13.67%, which also decreases Woodside's eventual stake to around 64% from around 68% after it...

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