FAR with $150m cash and no debt can't arrange debt facilities for the Sangomar project Phase 1 in Senegal for the foreseeable future.
I note that 1 sovereign risk is greater than Dorado
2 It is in deep water
3 Woodside has reduced it's costs for FEED
4 It is a "penny dreadful " but has lately bounced
Food for thought
FAR with $150m cash and no debt can't arrange debt facilities...
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