June 24 (Reuters) - FAR Ltd FAR.AX :
* FAR SENEGAL GOT NOTIFICATION FROM OPERATOR OF RSSD JV THAT FAR SENEGAL IS IN DEFAULT
* CONTINUING TO INVESTIGATE SELLING ALL OR PART OF FAR SENEGAL'S INTEREST IN RSSD PRODUCTION SHARING CONTRACT AND JOA
* IMPLEMENTED FURTHER ROUND OF COST CUTTING, MADE STAFF REDUNDANCIES
* ALL SENIOR EXECUTIVES, NON-EXEC DIRECTORS ACCEPTED 20% SALARY/FEE REDUCTION EFFECTIVE 1 JULY