FAR 0.00% 49.5¢ far limited

Aussie Oil and Gas Premption period again?

  1. 1,713 Posts.
    lightbulb Created with Sketch. 589
    For what its worth! Going around in circles a bit. Whatever, we will find out soon enough!

    Company news - FAR Ltd (FAR)
    We speculated last week that FAR (and its partner Cairn Energy) had 30-60 days to exercise their pre-emptive rights over Woodside Petroleum's (WPL's) purchase of Conoco's interests offshore Senegal.
    It appears that this period is in fact 30 days - based on comment by London based blogger, Malcy's Blog - who is close to FAR and presumably has better information on this than the market.
    So FAR apparently has until the 13th of August to see if it can pull a very large funding rabbit out its hat.
 
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