FAR Limited (ASX:FAR) has said it is unlikely it will be able to finance its part of the Sangomar project development in Senegal. Therefore, FAR has started a process to sell all or part of its working interest in the project. FAR recognised that it is unlikely to be able to fund its future share of the substantial project commitments based on its current cash reserves and future equity raises alone. The process has started to sell all or part of the FAR working interest and investigate alternative sources of finance. FAR Managing Director, Catherine Norman added, “Progressing a sell-down of FAR’s working interest in Senegal or arranging alternative financing for FAR’s share of the development and at the same time preserving cash and shareholder value in our assets remain clear objectives of the board at this time”.