Feb 17 (Reuters) - Australian oil & gas explorer FAR Ltd FAR.AX said on Wednesday it received a non-binding, indicative takeover offer from Russian energy giant PJSC Lukoil LKOH.MM that valued the company at A$220 million ($170.37 million).
FAR said Lukoil offered 2.2 Australian cents in cash per share, which is double the company's last close price.
($1 = 1.2913 Australian dollars)
(Reporting by Soumyajit Saha in Bengaluru; Editing by Krishna Chandra Eluri)
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