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Remus drops out of FAR bidding - News for the Oil and Gas Sector


Remus drops out of FAR bidding
Remus Horizons PCC has abandoned its bid to acquire FAR, paving the way for Woodside Energy to complete its takeover of Senegal’s Sangomar.
© Bloomberg
Peter Coleman, chief executive officer of Woodside Petroleum Ltd., speaks in Sydney, Australia, on Tuesday, May 23, 2017. Photographer: Brendon Thorne/Bloomberg
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Remus Horizons PCC has abandoned its bid to acquire FAR, paving the way for Woodside Energy to complete its takeover of Senegal’s Sangomar. ....

Gran Tierra , Guernsey Financial Services Commission , Woodside Energy , Remus Horizons , Rufisque Offshore , Sangomar Offshore , Sangomar Deep , Peru Focused Petrotal , கிரான் டியெர , கர்ந்ஸீ நிதி சேவைகள் தரகு , வூட்ஸைடு ஆற்றல் , ரெமுஸ் எல்லைகள் ,

Takeover off: Remus dumps Far bid to gain Senegal stake

Takeover off: Remus dumps Far bid to gain Senegal stake
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Remus Horizons , Far Ltd , ரெமுஸ் எல்லைகள் , இதுவரை லிமிடெட் ,

Path Clear for Woodside to Take Over FAR's


angomar FPSO Illustration - Credit: Woodside
Private investment fund Remus Horizons which last week launched a conditional takeover offer for the Australian oil company FAR, eyeing its stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development, is now backing out from the FAR pursuit.
In two letters sent to FAR this week, Remus cited citing lack of funding, regulatory issues, as well as lack of proper authorization for the takeover bid as reasons for not proceeding with a formal takeover bid.
To remind, Remus 
as previously agreed with Woodside and FAR, and the FAR Directors confirming that there is no intention to dispose of this interest before the closing of the takeover offer. ....

Guernsey Financial Services Commission , Remus Horizons , Guernsey Financial Services , Remus Board , Woodside Operated Sangomar , கர்ந்ஸீ நிதி சேவைகள் தரகு , ரெமுஸ் எல்லைகள் , கர்ந்ஸீ நிதி சேவைகள் ,