As much as I don't like getting involved in PE (there's not a lot else happening)...
Was thinking about how the prevailing oil price in second half of the year could play a part in any negotiated outcome or bargaining?
It's pretty solid in the $65-70 range now, but if during ICC proceedings it managed to spike to $85 again, then maybe more pressure on WPL having resources at risk? Equally if fell to say $50, then WPL more relaxed, whatever, give us money back for what we've spent to date and we'll look for other prospects at early stages of development in the $2-3 a barrel range and more pressure on Far to also find alternative backer?
I'm probably talking rubbish, as key difference would be progress of project and increase in value of barrel of oil at FID (over expenses paid out)?
Just a thought.
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