FAR raises $46.7 million to fund exploration ventures in Africa and Australia

FAR Ltd has completed a placement to institutional and sophisticated investors to raise $46.7 million before expenses by issuing 424,961,685 shares. The capital raising follows the significant oil discovery in … Read More

Cairn Energy, FAR announce oil discovery Senegal

Cairn together with its joint venture partners FAR ConocoPhillips 35% and Petrosen have announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres water depth and approximately 100 kilometres offshore in the Sangomar Deep block reached a Target … Read More