Africa-focused FAR on Wednesday told shareholders that it was continuing to investigate selling off a part of its 15% interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture (JV), offshore Senegal, while also looking to cut corporate costs further.
FAR on Wednesday told shareholders that the company’s Senegalese subsidiary had received a notification from RSSD JV operator Woodside that the company was in default for not paying the most recent development cash call.