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BRIEF-FAR Ltd Signs Farm-Out Deal With Unit Of PETRONAS
Publié le 25 février 2018
Feb 26 (Reuters) - FAR Ltd:
* SIGNS FARM-OUT DEAL WITH UNIT OF PETROLIAM NASIONAL BERHAD TO ASSIGN 40% INTEREST IN BLOCKS A2 & A5 IN GAMBIA
* TO RETAIN A 40% INTEREST IN EACH OF LICENCES
* PETRONAS WILL FUND 80 PERCENT OF TOTAL WELL COSTS OF SAMO-1 EXPLORATION WELL UP TO A MAXIMUM TOTAL COST OF US$45.0 MILLION
* PETRONAS TO ALSO PAY OTHER CONSIDERATION TO FAR OF US$8.6 MILLION Source text for Eikon: Further company coverage:
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