ASX ANNOUNCEMENT AND MEDIA RELEASE
FAR ANNOUNCES SALE AGREEMENT ON CHINA INTERESTS
As foreshadowed in earlier ASX releases, FAR has reached agreement to sell its 5 percent interest in
Beibu Gulf Block 22/12.
The sale price of US$8 million is to be paid in three tranches
1. US$2 million within 14 days
2. US$3 million upon approval of an Oilfield Development Program (“ODP”) or if commercial
development of the project proceeds
3. US$3 million once the project has produced 1 million barrels of oil (gross).
announcement
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Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $44.35M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 48.0¢ | $75.16K | 156.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 68600 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 50000 | 1 |
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| FAR (ASX) Chart |