The Gambian government approved Houston-based Erin Energy’s farm-out agreement with Australia’s FAR, by which FAR acquires Erin’s operated 80% WI in two offshore blocks in The Gambia. FAR will pay US$5.18 million and carry US$8.0 million of the company’s share of costs in a planned exploration well to be drilled in late 2018. If Erin’s share of the well is less than US$8.0 million the balance will be paid in cash.Erin retains a non-op......
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