"Lukoil has stated that the Lukoil proposal is conditional (amongst other things) on: -
The FAR shareholder meeting to consider approving the sale of the RSSD project to Woodside scheduled for Thursday 18 February 2021 being rescheduled.
- Obtaining minimum acceptances of 50.1% of shares and a FAR board recommendation."
Interesting, they are only making it conditional upon 50.1% acceptance. That means they must be intending on securing the finance in some form for FAR to continue with the project. This is really good news!
I always said than when Lukoil made their bid for Cairn's 40% of Sangomar that it was most likely they were also behind FAR's PE arbitration bid;
Regards
SP
Ann: Lukoil Non-Binding Indicative Proposal, page-15
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 45.5¢ | $176.1K | 380.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 98595 | 46.0¢ |
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| 46.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
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| Open | High | Low | Volume | ||
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| Last updated 11.07am 14/06/2024 ? | |||||
| FAR (ASX) Chart |