FAR raising funds for West Africa wells

FAR has opened a fully-underwritten placement to institutional and sophisticated investors to raise around $80 million via issuing of new shares.

Offshore staff

MELBOURNE, AustraliaFAR has opened a fully-underwritten placement to institutional and sophisticated investors to raise around $80 million via issuing of new shares.

It plans to use some of the proceeds to fund its participation in the drilling, evaluation, and pre-development programoffshore Senegal, and the anticipated acquisition and exploration of blocks A2 and A5 offshore The Gambia.

04/06/2017

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