FAR 1.12% 45.0¢ far limited

Ann: PETRONAS joins FAR to drill offshore The Gambia, page-21

  1. 13,686 Posts.
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    I expect with SNE DOC there will be a new PSC for SNE Development in early 2019. Senegal will want to know how FAR will fund their share of development cost. I can see one or a combination of the much touted JV debt deal (50%) combined with either a CR or another debt deal for future offtake (with CNOOC or with WPL?) in early 2019. There may be an opportunity to farm-down further in Gambia with enhanced value 2019 to help fund SNE.
    Last edited by szaba_the_hut: 26/02/18
 
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