March 27, 2017 / 10:05 PM / in 4 months

BRIEF-Far to expand exploration portfolio in West Africa

1 Min Read

March 28 (Reuters) - Far Ltd

* Expanded its exploration portfolio in offshore Mauritania-Senegal-Guinea-Bissau basin in West Africa through a farm-in deal with Erin Energy Corp

* Meridian Minerals will acquire an 80% interest and operatorship of offshore blocks A2 and A5 in Gambia from Erin Energy

* Farm-in, requires Far to fund Erin up to $8 million through an exploration well expected to be drilled late in 2018

* Far's share of cost of exploration well is expected to be in order of $25.0 to $30.0 million Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below