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FAR Limited has entered a voluntary suspension after the Australian Securities Exchange advised it would review its half year accounts and allow the company to respond to questions it may have. As of August 27, FAR was in default to the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture in Senegal and was attempting to sell all or part of its working interest. FAR is in default on the RSSD joint venture.   The company lodged its half year accounts on Friday and in it, noted if it was unable to implement the sale of its Senegal asset “material uncertainty exists that may cast significant doubt as to whether the group will be able to continue as a going concern and therefore whether it will realise its assets and discharge its liabilities in the normal course of business and at the amounts stated in the financial report.”The company said the sale process was ongoing but its complexity was exacerbated by the challenges of COVID-19, creating significant uncertainty.Therefore the half year accounts contained a Disclaimer of Review Conclusion by the auditor, on the basis that there are multiple material uncertainties, related to the timing and price of the …

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