MARKETS

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.

 Modec-Sangomar.jpg

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. This morning FAR managing director Cath Norman...

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