FAR 1.00% 49.5¢ far limited

PE Preliminaries, page-87

  1. 11,382 Posts.
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    Plenty has been said about a delay in the project due to this arbitration.
    Cairn want to sell some of their interest so a delay will not be pleasing for them.
    WPL want oil production in 2022 and are pushing hard to get there.
    The Senegal government, with nearly everyone in the J/V working hard to get to first oil, must be on the verge of getting severely upset if the project is delayed by FAR's long drawn out arbitration.
    Make no mistake arbitration can drag on, as everyone knows now, for years.
    PC has said it might delay the project.
    Now according to DB from his insider news leak even FAR are suggesting delays.
    This IMO will not please Senegal as they have motivated partners in WPL and CNE.
    Anyone who believes FAR will get preferential treatment from Senegal because the cheer squad say they are buxom buddies will be sadly mistaken.
    The government do not want hold ups as their country is poor and they would have had a mandate to govern on getting revenue from their resource.
    If FAR do cause a delay or it seems are likely too IMO the government WILL step in in no uncertain terms.
    Those who believe FAR and Senegal are joined at the hip do not understand African politics.
 
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