FAR receives takeover offer from Lukoil $10M above competing offer

RUSSIA'S Lukoil has made a conditional non-binding offer to acquire ASX-listed oil explorer FAR Limited for A$220 million.

FAR receives takeover offer from Lukoil $10M above competing offer FAR receives takeover offer from Lukoil $10M above competing offer FAR receives takeover offer from Lukoil $10M above competing offer FAR receives takeover offer from Lukoil $10M above competing offer FAR receives takeover offer from Lukoil $10M above competing offer

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On Wednesday, FAR told the market it had received a takeover offer of 2.2c per share from one of the world's largest publicly traded energy companies, Lukoil.