Ann: Annual Report 2018, page-75

“FAR more than anyone would know if the price for COPs working interest was cheap or expensive.”

SBH we don’t know what was on that “A4” PE notice.
And it seems most certainly that it didn’t contain any methodology as the only people who have seem inside the sale of COP Senegal BV, to WPL are seemingly at this point, COP and WPL.
All we have are headline numbers. I suspect that FAR didn’t get much more but none of us know.
But this “jumped up, little upstart of JV partner”, a minnow who doesn’t seem to know their place had the audacity to not fall in line, but showed an interest and wanted a full compliant PE notice, when the headline numbers seemed cheap.
This threatened to upset the cosy deal between COP and WPL, aspects of which they seem to want to hide.
Which also had the approval of CNE, or perhaps they were just sleeping. CNE CEO also made a comment implying they were in on the sleezy deal. Can’t remember what it was?
COP WPL now realising they are in the sh#t and knowing that their notice is nowhere near compliant, change their story to PE rights never existed.
And they also did this because they weren’t prepared to “open the books”, or provide a compliant notice which was fully transparent. What did/do they have to hide.
Hence Cath’s comment, “why should COP care where the money comes from “.
Fine upstanding Companies both of them. Yeah right!
They should be ashamed both of them, they are both complicit.
What do you think the Senegalese Govt and Sall think af all this.
Oh welcome WPL, welcome, great to have you join us!
Yeah right!.
FAR aren’t be opportunistic, they are merely trying to uphold their rights as full JV partners.
The only reason we are at the ICC is because of the actions of COP and WPL. Shame on them both.
Hope/believe they get their a kicked.
And hope D B is right.
Each to their own opinions.