Ann: Annual Report 2018, page-70

On PE:
My great takeaway is if FAR wins the PE case , heads will roll at WPL and COP because it will expose the deceit and bullying. Don't forget these are big corporations who will hate any press release of wrong doing. They will pay big money to settle this case and keep this all quiet . They make all their employees sign the code of ethics to demonstrate their company is ethical so will need to honor any decisions.
Think of winning PE as FAR making a 2nd massive oil discovery without needing to drill or spend money. Now think of the immense interest from Petronas or CNOOC when FAR knocks on the door and says do you want 35% of a readymade monster oil discovery at double or triple what WPL paid (still cheap). By that time the project FID is successful the project is ready to go.

FEED doesn't cost much. It's just front end engineering and no materials are bought. So if not PEcompliant then just replace WEL with another buyer. No delay to project. So if WEL is out . The project still goes ahead. The system is this way so no one party cannot stop a project progressing. That's why FAR cannot say let's stop everything unroll PE is sorted.If FAR stops Senegal government takes away your licence.

To be fair if FAR loses PE (I'm confidant FAR has a case). Cath should then never discuss PE again and concentrate to produce oil on their 15%. So they is no lost to FAR.

I also am convinced that they is a concerted effort by an outside company using Bots to clamp down the share price. These shifters and manipulators want to cripple FAR's ability to raise money. I hope CN eats her words that share price will look after itself.

DYOR as one holder has reminded me Yes stupidly I still believe and HOLD