Feb 26 (Reuters) - FAR Ltd FAR.AX :
* SIGNS FARM-OUT DEAL WITH UNIT OF PETROLIAM NASIONAL BERHAD TO ASSIGN 40% INTEREST IN BLOCKS A2 & A5 IN GAMBIA
* TO RETAIN A 40% INTEREST IN EACH OF LICENCES
* PETRONAS WILL FUND 80 PERCENT OF TOTAL WELL COSTS OF SAMO-1 EXPLORATION WELL UP TO A MAXIMUM TOTAL COST OF US$45.0 MILLION
* PETRONAS TO ALSO PAY OTHER CONSIDERATION TO FAR OF US$8.6 MILLION