FAR 5.10% 51.5¢ far limited

Ann: Quarterly Activities and Cashflow, page-6

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    OH CRAP!!!

    FAR is contractually committed to the Sangomar Field Development and the approved 2020 work
    program and budget of US$163M (net to FAR). FAR recognises that it is unlikely to be able to fund its
    future share of the substantial project commitments based on its current cash reserves and future
    equity raises alone. The process has commenced to sell all or part of the FAR working interest and
    investigate alternative sources of finance.
    Last edited by Cosmoterios: 30/04/20
 
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