It is thought indicative bids for the business were due on June 10 in a sales process run through advisory firm Jefferies.
The SNE development, off the coast of Senegal in West Africa, has an overall value of $US3 billion ($4.4bn).
It is 15 per cent-owned by Far. Cairn owns about 40 per cent, and a 30 per cent stake is understood to be on offer by Cairn to finance the project.
The other owners are the operator, Woodside, which holds 35 per cent, and Petrosen, the Senegalese national oil company, with 10 per cent.
Offshore groups are expected to show interest, including PTT out of Thailand.
The SNE deepwater oilfield discovery is offshore, 100km south of Dakar. It was the largest oil discovery for 2014 and production is first targeted for 2022. Capacity is estimated at 100,000 barrels a day.
" https://www.theaustralian.com.au/bu...ps-eye-far-cairns-energy-oil-stake/news-story
It is thought indicative bids for the business were due on June...
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46.0¢ |
Change
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Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 45.5¢ | $176.1K | 380.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 98595 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 46.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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45.5¢ |
Change
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| Open | High | Low | Volume | ||
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| Last updated 11.07am 14/06/2024 ? | |||||
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