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Mr Coleman said even though Senegalese law was untested in this area, he was confident ConocoPhillips would prevail. If the deal fell over, “we’ll just pick ourselves up and look for something else”.
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I was replying to earlier poster who asked why PC had not walked away. I am basically saying that the deal has not yet fallen over so too early to ask that question.
PC looks like he will play a hard game and if the arbitration continues to FID he will drop project arranged financing options (given arbitration will block finance approval) and fund the project from cash flow - do a cash call on the partners for their share.
