Oz-w, Yes, FAR was prevented from PE'ing by COP, so... yes, they didn't PE, and now have a good chance of being able to do so, and acquire the 35% at the original COP sale price of $450m.
If FAR then decides to on-sell to CNOOC, Petronas, Total, BP (or WPL) at -+$1bn - $1.9bn, (giving FAR a free carry to production) then yes CNE has the opportunity to match this price.
The JV has been doing the work well with CNE as operator. WPL is likely to become the contract operator in June 2018, but with the risk of becoming a ST contract operator holding 0% of the JV stake by December 2018.
- Forums
- Commodities
- WPL and FAR discussion
WPL and FAR discussion, page-21
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
Previous Video
Next Video
SPONSORED BY The Market Online