Ophir Declines Senegal Option

Source: www.gulfoilandgas.com 12/21/2011, Location: Africa

The Company wishes to advise that it has received notification from Ophir Energy plc that they will not be exercising their option to acquire a 25 percent interest in FAR’s Rufisque, Sangomar and Sangomar Deep Offshore licences in Senegal. As a result of the decision FAR retains its 90% interest in the blocks. Discussions are continuing with a number of potential farm-in partners with the objective of securing a commitment to drill an exploration well.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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