FAR Limited to reveal results from Senegal well


FAR Limited (ASX:FAR) is preparing to divulge results from the Senegal SNE-1 well.

The Australian Stock Exchange has granted the company a trading halt with its shares placed in pre-open.

SNE-1 is a second well exploration well in the Senegalese drilling program which follows on from FAN-1.

At FAN-1 FAR and partners Cairn Energy plc ConocoPhillips and Petrosen made a significant oil discovery.

The company recently strengthened its cash position with a $46.7 million capital raising.

The halt will remain in place until the opening of trade on Tuesday 10th November 2014 or earlier if an announcement is made to the market.

 

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