Aug 27 (Reuters) - FAR Ltd FAR.AX :
* UPDATE ON ITS INTEREST IN RUFISQUE OFFSHORE, SANGOMAR OFFSHORE AND SANGOMAR DEEP OFFSHORE (RSSD) CONTRACT AREA, OFFSHORE SENEGAL
* FAR DOES NOT INTEND TO PRE-EMPT TRANSACTION OR OBJECT TO PROPOSED TRANSFER OF CAIRN'S WORKING INTEREST IN RSSD CONTRACT AREA TO LUKOIL
* NOTES WOODSIDE EXERCISED PRE-EMPTIVE RIGHT & SALE OF CAIRN'S WORKING INTEREST STILL SUBJECT TO CAIRN SHAREHOLDER & GOVERNMENT OF SENEGAL APPROVAL
* REMAINS IN DEFAULT OF PAYMENTS TO RSSD JV WITH EFFECTIVE DATE OF 23 JUNE 2020
* CONTINUES TO PROGRESS A SALE OF ALL OR PART OF ITS WORKING INTEREST