Oct 20 (Reuters) - FAR Ltd FAR.AX :
* FAR LTD - CASH AT END OF QUARTER US$60 MILLION
* FAR LTD - FAR REMAINS IN DEFAULT OF ITS SENEGAL RSSD OBLIGATIONS
* FAR LTD - PURSUANT TO RSSD AGREEMENT, OPERATOR ISSUED CASH CALL FOR OCTOBER (US$3.18 MILLION) BRINGING FAR'S TOTAL DEFAULTED PAYMENTS TO US$35.2 MILLION
* FAR LTD - PETROSEN HAS REIMBURSED FAR US$5.6 MILLION BRINGING FAR'S DEFAULT POSITION TO US$29.6 MILLION
* FAR LTD - FAR HAS SUFFICIENT CASH TO CURE DEFAULT BEFORE END OF 6 MONTH DEFAULT PERIOD
* FAR-CONFIDENT THAT IN EVENT OF ASSET SALE BEING, QUESTIONS OF GOING CONCERN WILL BE ADDRESSED & WILL PROVIDE OPPORTUNITY FOR ASX TO REMOVE SUSPENSION
* FAR LTD - WORKING TO A SOLUTION TO SENEGAL FINANCING OR SALE AS SOON AS POSSIBLE
* FAR - TOTAL FORECAST DEFAULT PAYMENTS FOR SIX MONTHS OF US$47.1M FOR SENEGAL DEFAULT
* FAR- FOR NEXT QUARTER, SEES US$2.9M EXPLORATION & EVALUATION EXPENDITURE, US$30.4M NET DEVELOPMENT EXPENDITURE