March 28 (UPI) -- After posting a perfect record in discoveries off the West African coast, Australian energy company FAR Ltd. said its footprint was expanding with a new buy-in.
Working through a subsidiary, FAR Ltd. said it was buying into basins off the coast of Gambia from ERIN Energy Corp., which has headquarters in Houston. The Australian company under the terms of the agreement, which still requires government approval, agrees to fund up to $8 million in exploration and production costs.