FAR 2.97% 52.0¢ far limited

Cairn sells 40% share to Lukoil, page-8

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    Canaccord

    FAR – Cairn a JV partner in Sangomar has announced the sale of its 40% share in the JV for US$300mn, CY20 capital spend return and US$100mn in milestones. See-through valuation for FAR (excl milestones, but incl cash) is $0.029ps vs last traded at $0.012ps.
 
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