Australian junior Far Ltd has again pushed back a shareholder meeting to approve the sale of its stake in the Sangomar development off Senegal, as it continues to assess a potential takeover proposal.

Far revealed it had pushed back the shareholder meeting to approve the sale of its stake in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture to operator Woodside from 21 January until 18 February.

The meeting was originally scheduled for December last year, but Far pushed it back a month in the wake of a conditional non-binding indicative takeover proposal from Remus Horizons, a private investment fund regulated by the Guernsey Financial Services Commission.