FAR 0.00% 52.0¢ far limited

Cairn sells 40% share to Lukoil, page-80

  1. Ya
    6,809 Posts.
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    Myfok,

    USD330mil is Cairn's share of costs is for this year which will b reimbursed by Lukoil , plus 300mil sale price. 50-100mil will happen in 3-4 yrs.

    FAR has 2 options, sell or forfeit. Q2 report was extremely sobering where CN mentioned that the company is in default & have 6 months to make good on that. FAR has spent USD 156.7mil till Q2-2020 & has outstanding cashcall's which makes u wonder whatever happened to their so called mythical 'Backer' from 2016 !!!
 
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