FAR pushes sale of Sangomar

THE Cath Norman-helmed FAR Limited has told shareholders it will turn down any pre-emptive right to acquire a further 40% stake in the giant Sangomar oil project offshore Senegal, and is holding firm with its plans to divest all or part of its current 13.7% stake in the project.

FAR pushes sale of Sangomar FAR pushes sale of Sangomar FAR pushes sale of Sangomar FAR pushes sale of Sangomar FAR pushes sale of Sangomar

Modec-Sangomar.jpg

 

FAR's decision to turn down any pre-emptive right over a further acquisition in the Sangomar field is not surprising, given its financial position.