PE Preliminaries, page-27

I'm not a O & G contract lawyer but @Kfann has had some experience in this area. I believe he said that SEC filings are onerouse and every word is vetted.
COP changed their tune...... they then changed their wording in SEC filings no coincidence IMO...... its in line with WPLs position that buying the holding Co does not trigger PE rights..... It was clear from day one that COP and WPL were singing from 2 different hymn sheets. Coleman commented that COP chose a different path its up to them to deliver the asset in reference to COP saying PE rights exist. COP issued FAR with a PE notice.
FAR are seeking declaratory relief.
Do PE rights still exist or not.
The only question the arbitration panel need to answer is yes or no.
I see it as pretty much irrelevant the mechanics of it. Nick Limb laid the case out at the last agm. If FAR win they get to PE the 35% IMO.
2 people will decide the fate of the 35% based on the laws of Senegal and under those laws this has never been tested.
DB