MARKETS

Lukoil walks away from FAR takeover offer

BELEAGUERED explorer FAR Limited has been told by Lukoil it is not going ahead with its offer to acquire the company for 2.2 cents per share, leaving it with limited options on what to do with its share of the Sangomar acreage, offshore Senegal.

Melbourne explorer running out of options

Melbourne explorer running out of options

Last month Russia's Lukoil made a conditional non-binding offer to acquire the suspended ASX-listed company for A$220 million.   The acquisition would have meant Lukoil would take on FAR's 13.67% stake...

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