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Far Signs Mew Joint Operating Agreements for Gambian Asset

25 Jun 2020  |  11:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FAR signs new JOA for Gambian asset

Far advised that FAR Gambia, a wholly owned subsidiary of Company, has signed new Joint Operating Agreements (JOA's) in respect of the A2 and A5 Blocks in The Republic of The Gambia, with PC Gambia. This follows the granting of new Licences for those Blocks by The Government of The Gambia effective 1 October 2019, after which Company and PETRONAS took the opportunity to update the terms of the existing JOA's by entering into new JOA's with effect from 1 October 2019. The Company remains as Operator under the new JOA's which better reflect the terms of the new Licence.

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