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Questions about FAR, page-3

  1. 292 Posts.
    lightbulb Created with Sketch. 307
    Thanks. So here goes for farm-in:

    GAMBIA
    FAR is selling 60% of its 80% interest in A2 and A5 to Petronas for 80% payment of exploration of SAMO-1, which is in A2 (an amount up to $45m) and FAR is also receiving a bonus payment of $13.5m if it is govt approved.
    SENEGAL
    SNE is 15% owned by FAR. If they successfully explore a well by the end of this month at the adjacent Djiffere prospect, they earn a 75% stake of the Djiffere area as a farm-in (seems doubtful?)

    Still have questions about CAPEX and funding.
    Last edited by mlives: 09/07/18
 
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