Mad I don't think it matters anymore if the notice was compliant, I think we are way past that. FAR are not seeking arbitration to decide if the notice complied or not. They are seeking a decision as to whether they still have PE rights. If they win then COP will still be the owner of the 35% and, as I have said, will need to be very careful with how they deal with the PE rights notice. Any BS will be met with the possibility of the government cancelling the lease......IMO the government will have had enough by then and will be in no mood for any more shenanigans.
COP have shifted from PE rights exist to now they don't......one would assume after speaking to WPL given what Coleman has said in the past.
I personally find it bizarre that some think a complete change of owner does not constitute a change of control.....it certainly does under Australian law according to the Santos V Apache case.
As I have said multiple times if it were that easy to circumvent PE rights then all JOA's will be rendered to the dunny roll in regards to PE rights. Aimo DB
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Open | High | Low | Value | Volume |
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9 | 1225766 | 0.054 |
7 | 1010141 | 0.053 |
3 | 1000000 | 0.052 |
3 | 399493 | 0.051 |
Price($) | Vol. | No. |
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0.056 | 289940 | 3 |
0.057 | 361921 | 3 |
0.058 | 501535 | 3 |
0.059 | 360000 | 2 |
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